Microsoft In Talks To Acquire A 49% Stake In ChatGPT
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ChatGPT is one of the hot topics of discussion on the internet right now and for all the right reasons as this AI bot has the potential to become the next google.
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Artificial intelligence is making its way to all the major aspect of technologies that influence our lifestyle in major ways.
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Microsoft is one of the biggest tech companies in the world right now and they may be the new owners of ChatGPT.
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According to ‘Watcher Guru,’ Microsoft is in talks with ChatGPT owner Open AI to acquire a 49% stake in the company.
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If sources are to be believed, the deal will probably cost $10 billion or maybe more to the Microsoft. Open AI is currently valued at $29 billion.
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Microsoft is in talks with Open AI to come up with a new ownership structure that will break the possibility of single majority stake holder.
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According to the new structure, Microsoft will acquire 49% stake with other 49% remaining for other investors and 2% going to Open AI’s non-profit parent firm.
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If this deal goes through, Mircosoft will most probably integrate the ChatGPT into it’s wholly owned search engine, BING.
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A search engine armed with capabilities of ChatGPT can be a game changer and a major challenge to the search engine market leader GOOGLE.