Microsoft ChatGPT $10 Billion Investment To Upgrade MS Office Apps
Microsoft is discussing a potential $10 billion investment in ChatGPT founder OpenAI that will boost its value to $29 billion.
The AI tool has dazzled many people worldwide due to its uncanny ability to generate text while mimicking human speech.
According to Reuters, OpenAI told investors last month it expects $200 million in revenue in 2023 and a billion dollars by 2024.
Why is Microsoft investing in ChatGPT?
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Most people know Microsoft as the creator of MS Word, PowerPoint, Excel, and Outlook. Meanwhile, OpenAI is an artificial intelligence laboratory made popular by ChatGPT.
MS knows the shifting tech landscape and sees AI as the next global standard. Thus, it wants to incorporate ChatGPT into its services.
For example, Microsoft announced plans to use ChatGPT’s image-generation software in its Bing search engine.
According to the news website The Information, Microsoft’s long-term goal is to take on market leader Google Search.
The Microsoft-ChatGPT investment would also improve Microsoft Office apps. For example, ChatGPT could help users write with fewer errors by suggesting alternative words and phrases.
Moreover, the AI tool could summarize long documents and highlight important points. As a result, users would have an easier time understanding and analyzing information.
Microsoft might also apply ChatGPT in Outlook to automatically write email replies and summarize threads.
Also, it could facilitate searching for specific messages. If you are an Outlook user, you might know how hard it is to find emails as it quickly fills up.
How will ChatGPT benefit from the Microsoft investment?
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Microsoft would receive 75% of OpenAI’s profits until it recoups the investment. Once it does, Microsoft will receive 49% of the profits, and other investors will receive 49%
The nonprofit OpenAI will receive 2%. However, the Microsoft-ChatGPT investment would significantly expand its artificial intelligence research.
It would likely use Microsoft’s vast amounts of data to train more sophisticated AI models. Thus, OpenAI could offer new AI-based products and services like virtual assistants, robotics, and others.
Conclusion
Microsoft may soon invest $10 billion into the AI company OpenAI. Soon, we might see ChatGPT integrated into MS Office tools worldwide.
More importantly, the Microsoft-ChatGPT investment would offer us more amazing AI capabilities.
Nowadays, AI can generate art and voices. Want to know what’s next for artificial intelligence? Follow Inquirer Tech for the latest digital trends.
