Microsoft has confirmed a “multibillion-dollar investment” in ChatGPT bot maker OpenAI, making its biggest bet yet that artificial intelligence systems have the power to transform the tech giant’s business model and products.
Precise financial details have not been disclosed, though the company on Monday said it was investing billions of dollars in a “multiyear” agreement. People familiar with the talks previously said OpenAI was seeking $10bn from Microsoft at a $29bn valuation.
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