Microsoft Corp to be in talks to invest $10 billion into OpenAI

Microsoft Corp is said to be in talks to invest $10 billion into OpenAI, the owner of ChatGPT, Semafor reported on Monday, citing people familiar with the matter.

The funding includes other venture firms and will value San Francisco-based OpenAI at $29 billion, the report said.

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OpenAI made the ChatGPT chatbot available for free public testing on Nov. 30. A chatbot is a software application designed to mimic human-like conversation based on user prompts, reports Reuters.

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