Microsoft in talks for $10B investment in ChatGPT developer OpenAI - Bloomberg
Jean-Luc Ichard/iStock Editorial via Getty Images


Microsoft (NASDAQ:MSFT) is in talks to invest up to $10B in ChatGPT creator OpenAI, Bloomberg reported on Tuesday citing people familiar with the matter.
According to sources, the talks have been ongoing for months, and will likely see the software giant investing money over multiple years, though the final terms may change.

Founded by Sam Altman as a non-profit in 2015, OpenAI has launched a "ChatGPT" chatbot that gives users intelligent responses to simple written requests, imitating human conversation.
OpenAI was said to be in talks to sell existing shares to venture firms - a transaction valuing the company at around $29B - The Wall Street Journal reported last week.
Microsoft (MSFT) shares were marginally up in Tuesday's premarket trading.
The tech firm is among Wells Fargo's top enterprise picks for 2023