microsoft is looking to invest in openai

openai is the startup behind chat gpt – more on it here

• if microsoft pulls through with the $10b deal, openai's valuation would stand at $29b

• microsoft would receive 75% of openai's profits until it makes up for the initial amount invested, implying that microsoft would own 49% of openai

  • openai is expected to generated $200m in 2023

  • other investors would take up another 49% and openai's nonprofit parent would keep 2%

what’s in it for microsoft?

we've seen chatgpt all over the internet the past few months – helping students write essays, engineers write code, etc.

• microsoft currently owns bing, which very few of us use as the default search engine compared to google

• with anticipations and hopes in the market that chat gpt yields more efficient search results than google in some cases, microsoft is likely planning to integrate chat gpt with bing the browser

• it probably won't stop there – chat gpt may make our work lives easier by being incorporated into microsoft office (powerpoint, word, excel, etc.)

MSFT 0.00 #openai #chat #gpt

💡 something im thinking about

interesting concept - choose who you want to meet by accepting a drink (click image)

that's all, folks 🐒

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as always, i’m no financial advisor! (i’m no substitute for professional financial services)