Microsoft is reportedly in talks to pump in $10 billion into OpenAI — the owner of ChatGPT — valuing the company at $29 billion
of the company in a tender offer that would value the firm at $29 billion. Venture capital firms including Thrive Capital and Founders Funds were in talks to invest at least $300 million in the share sales, according to the Journal.
As part of the current deal Microsoft is negotiating, it's proposing to get 75% of OpenAI's profits until it gets it recovers its investment, after which Microsoft's aims to get 49% stake in the company, per the media outlet. Other investors are expected to own another 49% of the company, while OpenAI's nonprofit parent would hold the remaining stake, per Semafor. speculation.
This would not be the first time Microsoft's looking at an investment into OpenAI. The tech titan has already
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