Microsoft Is In Talks To ACQUIRE A 49% Stake Worth $10 billion In ChatGPT Owner OpenAI — This Is A Big Deal 🤯
Microsoft would receive 75% of OpenAI’s income until it has recovered its initial investment, good terms for the tech giant.
Once they hit that threshold, they would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI's nonprofit parent getting 2%.
OpenAI is currently raising funds at a $29 billion valuation and is allowing employees along with early investors to sell their shares at the that valuation.
They are expected to generate ~1 Billion in revenue in 2024
Microsoft will look to add OpenAI’s Chatbot, ChatGPT’s AI tech to Bing, Word, Outlook, Excel and PowerPoint.
MS office has 1.4 billions users worldwide 🤯
ChatGPT4 is also coming in 2023, and it's capabilities are scary.
Microsoft would receive 75% of OpenAI’s income until it has recovered its initial investment, good terms for the tech giant.
Once they hit that threshold, they would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI's nonprofit parent getting 2%.
OpenAI is currently raising funds at a $29 billion valuation and is allowing employees along with early investors to sell their shares at the that valuation.
They are expected to generate ~1 Billion in revenue in 2024
Microsoft will look to add OpenAI’s Chatbot, ChatGPT’s AI tech to Bing, Word, Outlook, Excel and PowerPoint.
MS office has 1.4 billions users worldwide 🤯
ChatGPT4 is also coming in 2023, and it's capabilities are scary.
👍5❤2❤🔥1🔥1
The Al battle between Google and Microsoft is on
When the whole internet was making ChatGPT viral and helping it acquire millions of customers across globe, Google was building something of its own.
As we all know Deepmind is subsidiary of Google, which got acquired in 2014 around $600 million, have something called, "Sparrow"
Deepmind has been a leading Al research lab for Google and world, but this time the chatbot Sparrow is probably getting ready to compete with ChatGPT.
For eg. Microsoft is looking to integrate ChatGPT into its products like Bing, Google might Integrate the tech into YouTube, and other Google products.
Al is extreme powerful and the battle between two of the biggest firms in world would be a must-watch.
When the whole internet was making ChatGPT viral and helping it acquire millions of customers across globe, Google was building something of its own.
As we all know Deepmind is subsidiary of Google, which got acquired in 2014 around $600 million, have something called, "Sparrow"
Deepmind has been a leading Al research lab for Google and world, but this time the chatbot Sparrow is probably getting ready to compete with ChatGPT.
For eg. Microsoft is looking to integrate ChatGPT into its products like Bing, Google might Integrate the tech into YouTube, and other Google products.
Al is extreme powerful and the battle between two of the biggest firms in world would be a must-watch.
👍2❤1👨💻1