Is ChatGPT Owned By Microsoft? Here’s Why Microsoft Want To Buy OpenAI’s ChatGPT Into Bing

Microsoft is reportedly working on integrating OpenAI’s ChatGPT into Bing as a way to provide human-like answers when people use the search engine.

Ever since Microsoft launched Bing back in 2009, it hasn’t managed to take many users away from the ever-popular Google search that launched over a decade before it.

However, a recent report coming from the Washington based tech-company might begin to shake things up a bit.

Microsoft is reportedly set to integrate OpenAI’s ChatGPT into Bing in Spring 2023, which would allow the search engine to provide human-like answers to its users.

Microsoft reportedly adding ChatGPT into Bing

Over the last few weeks, OpenAI’s ChatGPT project has gained massive popularity — so much that traffic regularly crashes the bot — as it gives users AI responses to whatever random questions they manage to think of.

Microsoft hopes to drive more traffic to Bing by integrating the project into its search engine, according to The Information.

The website has reported that Microsoft is looking to rival Google’s popularity with the addition this spring. They added: “Microsoft is preparing to launch a version of its Bing search engine that uses the artificial intelligence behind ChatGPT to answer some search queries rather than just showing a list of links, according to two people with direct knowledge of the plans.”

Those who have been on the internet for a long time may remember Ask Jeeves. Originally launched in 1996, users were able to search for something in question form to receive a direct answer from a butler-style avatar on the side of the screen.

It’s unknown exactly how Microsoft plans to deliver these human-like answers at the time of writing, so we’ll have to wait till it’s released this Spring.

Microsoft is trying to buy ChatGPT
A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017.
REUTERS/Lucy Nicholson/File Photo

Microsoft in talks to invest $10 billion in ChatGPT-owner OpenAI

Microsoft Corp (MSFT.O) is in talks to invest $10 billion in ChatGPT-owner OpenAI as part of the funding that will value the firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.

The news underscores the rising interest in the artificial intelligence company, whose chatbot has dazzled amateurs and industry experts with its ability to spit out haikus, debug code and answer questions while imitating human speech.

The funding could also include other venture firms and documents sent to prospective investors outlining its terms indicating a targeted close by the end of 2022, according to the report.

The software giant had 2019 invested $1 billion in OpenAI, founded by Elon Musk and Sam Altman. Microsoft’s cloud services arm also provides the computing power needed by the AI firm.

Microsoft last year unveiled plans to integrate image-generation software from OpenAI into its search engine Bing. A recent report from the Information said similar plans were underway for ChatGPT as Microsoft looks to take on market leader Google Search.

According to Semafor, Microsoft will also get 75% of OpenAI’s profits until it recoups its initial investment.

After hitting that threshold, Microsoft would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI’s nonprofit parent getting 2%, Semafor said.

Reuters reported last month that a recent pitch by OpenAI to investors said the organization expects $200 million in revenue next year and $1 billion by 2024.

OpenAI charges developers licensing its technology about a penny or a little more to generate 20,000 words of text, and about 2 cents to create an image from a written prompt.

It spends about a few cents in computing power every time someone uses its chatbot, Altman recently said in a tweet that has raised concerns about OpenAI’s cash burn.

A Wall Street Journal report said last week OpenAI was in talks to sell existing shares at a roughly $29 billion valuation in a tender offer that would attract investment of at least $300 million.

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