Microsoft Wants To Invest $10 Billion In ChatGPT Maker OpenAI To Rival Google

ChatGPT is a peek into what artificial intelligence can do. With simple prompts, users can treat their minds to crisp content that is as good as something written by humans, if not better. While the tool suffers from a few problems, it could become the next Google if all goes well.

Microsoft wants to cash in on the potential of ChatGPT. According to Semafor, Microsoft is "in talks" to invest $10 billion in OpenAI, the company that made the AI chatbot ChatGPT.

While the report claims that this plan should have been finalised by the end of 2022, no progress has been made so far.

Reuters

What Microsoft's interest in ChatGPT means

Microsoft would get 75% of all OpenAI profits until it makes its money back. Once that stage is passed, Microsoft would own a 49% stake in OpenAI. Other investors would also get 49% and OpenAI's non-profit parent company would be left with 2% ownership.

Reuters

Windows-maker Microsoft already has some ownership of OpenAI. A report from The Information in October claimed that OpenAI wants more funding from Microsoft. In addition, recent reports claimed that Microsoft wants to revive its Bing search engine with ChatGPT.

Also read:?Impressive AI Bot 'ChatGPT' Writes Essays, Songs, And More: Here's How To Use It

Google would naturally be unhappy with this. The company currently?dominates the search engine market space with 90% market share. According to The New York Times, Google is working on chatbots of its own and considers ChatGPT a threat to its business.

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Besides ChatGPT, OpenAI is also behind DALL-E, an AI-based application that generates images based on text prompts. Such technologies will dictate innovations that drive the internet in the near-future as artificial intelligence continues to get smarter.

Also read:?Explained: Why Are Schools Restricting The Use Of ChatGPT

What do you think about Microsoft's interest in ChatGPT - do we have a new company war brewing? Let us know in the comments below.?For more in the world of?technology?and?science, keep reading?Indiatimes.com.?

References

Hoffman, L., & Albergotti, R. (2023, January 10). Microsoft eyes $10 billion bet on ChatGPT | Semafor. https://www.semafor.com/article/01/09/2023/microsoft-eyes-10-billion-bet-on-chatgpt

Grant, N., & Metz, C. (2022, December 21). ChatGPT and Other Chat Bots Are a ‘Code Red’ for Google Search. The New York Times. https://www.nytimes.com/2022/12/21/technology/ai-chatgpt-google-search.html

Holmes, A., Clark, K., Woo, E., & Efrati, A. (2022, October 26). OpenAI, Valued at Nearly $20 Billion, in Advanced Talks with Microsoft For More Funding. The Information. https://www.theinformation.com/articles/openai-valued-at-nearly-20-billion-in-advanced-talks-with-microsoft-for-more-funding

Schroeder, S. (2023, January 10). Microsoft may invest $10 billion in ChatGPT maker OpenAI. Mashable. https://mashable.com/article/microsoft-chatgpt-10-billion