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Microsoft betting $10 billion on viral AI bot ChatGPT, says report

ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week

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Documents sent to investors had targeted end-2022 for a deal closing

Bloomberg
 Microsoft is in discussions to invest as much as $10 billion in OpenAI, the creator of viral artificial intelligence (AI) bot ChatGPT, according to people familiar with its plans.
 
The proposal under consideration calls for the Redmond, Washington-based software giant to put the money in over multiple years, though the final terms may change, the people said, asking not to be named discussing a private matter.
 
The two companies have been discussing the deal for months, they added. Semafor earlier reported that the potential investment would involve other venture firms and could value OpenAI at about $29 billion,