The hottest startup in Silicon Valley right now is OpenAI, the Microsoft-backed developer of ChatGPT, a much-hyped chatbot that can write a poem, a college essay, or even a line of software code.
Tesla tycoon Elon Musk was an early investor in OpenAI and Microsoft is reported to be in talks to up an initial investment of $1 billion to $10 billion in a goal to challenge Google’s world-dominating search engine.
If agreed, the cash injection by the Windows maker would value OpenAI at a whopping $29 billion, making it a rare tech-world success when major players such as Amazon, Meta, and Twitter are cutting costs and laying off staff.
“Microsoft is clearly being aggressive on this front and not going to be left behind on what could be a potential game-changing AI investment,” said analyst Dan Ives of Wedbush Securities.
Before the release of ChatGPT, OpenAI had wowed tech geeks with Dall-E 2, a software that creates digital images with simple instructions.
Microsoft, which makes no secret of its AI ambitions, has integrated Dall-E 2 into several of its applications, and now, according to a report in Bloomberg, the tech giant wants to graft ChatGPT to its Bing search engine to take on Google.
Since ChatGPT was introduced in November, the prowess of this chatbot has aroused the curiosity and fascination of internet users.
It is capable of formulating detailed and human-like answers on a wide range of subjects in a few seconds, raising fears that it is vulnerable to misuse by school cheats or disinformation.
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