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Asharq Al-Awsat

Technology

Asharq Al-Awsat

Microsoft in Talks to Invest $10 bln in ChatGPT Owner -Semafor

Microsoft OpenAI ChatGPT Semafor Wall Street Journal San Francisco

Smartphone is seen in front of Microsoft logo displayed in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Microsoft Corp is in talks to invest $10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.

The funding includes other venture firms and deal documents were sent to prospective investors in recent weeks, with the aim to close the round by the end of 2022, the report said.

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