(Reuters) – Microsoft Corp is said to be in talks to invest $10 billion into OpenAI, the owner of ChatGPT, Semafor reported on Monday, citing people familiar with the matter.
The funding includes other venture firms and will value San Francisco-based OpenAI at $29 billion, the report said.
OpenAI made the ChatGPT chatbot available for free public testing on Nov. 30. A chatbot is a software application designed to mimic human-like conversation based on user prompts.
(Reporting by Aarati Krishna in Bengaluru; Editing by Savio D’Souza)