Microsoft in talks to invest $10 billion in ChatGPT owner -Semafor

(Reuters) – Microsoft Corp is said to be in talks to invest $10 billion into OpenAI, the owner of ChatGPT, Semafor reported on Monday, citing people familiar with the matter.

© Thomson Reuters
FILE PHOTO: A Microsoft logo is seen in Los Angeles

The funding includes other venture firms and will value San Francisco-based OpenAI at $29 billion, the report said.

OpenAI made the ChatGPT chatbot available for free public testing on Nov. 30. A chatbot is a software application designed to mimic human-like conversation based on user prompts.

(Reporting by Aarati Krishna in Bengaluru; Editing by Savio D’Souza)