BREAKING: 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. Microsoft has already invested $1bn into the company in 2019.

Open AI are expected to generate ~1 Billion in revenue in 2024.

Microsoft will look to add OpenAI’s Chatbot, ChatGPT’s Artificial Intelligence tech to Bing, Word, Outlook, Excel and PowerPoint.

MS office has 1.4 billions users worldwide 🤯

OpenAI was founded in 2015 by Twitter owner Elon Musk, Greg Brockman, Ilya Sutskever, Wojciech Zaremba, and Sam Altman.

Musk stepped down from the board in February 2018 to avoid any potential future conflict with Telsa, his main priority at the time, although he still remains a donor to the company.

Sam Altman remains the company’s current CEO.

Altman is an American programmer and entrepreneur. He is the former president of Y Combinator, a successful technology startup accelerator that has been used to launch thousands of companies like Airbnb and Dropbox.

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