Tech giant Microsoft is in talks to invest about $10 billion into OpenAI, the owner of the popular ChatGPT chatbot, per a Semafor report on Tuesday, which cited people familiar with the matter.
The investment would value OpenAI at about $29 billion, Semafor’s Liz Hoffman and Reed Albergotti reported. It’s now valued at about $20 billion.
The deal was targeted to close by the end of 2022, but it isn’t clear if it has been finalized yet, Semafor reported, citing documents sent to prospective investors.
