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Evening Standard
Evening Standard
Business
Simon Hunt

Microsoft in talks for $10 billion investment into ChatGPT owner – reports

Microsoft is in talks to commit as much as $10 billion (£8.2 billion) into ChatGPT owner OpenAI as tech giants race to ramp up their artificial intelligence capability amid a surge in interest in the technology.

The funding would include a number of other investors, according to reports by news site Semafor, and would value OpenAI at $29 billion, with document issued to investors weeks ago and a target date to close the deal set for the end of 2022.

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