News Formal

ChatGPT creator OpenAI in talks for tender offer valuing company at $29 billion - WSJ

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

:OpenAI, the artificial intelligence research lab behind chatbot ChatGPT, is in talks to sell existing shares in a tender offer that would value the company at about $29 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The report added that the deal is structured i

:OpenAI, the artificial intelligence research lab behind chatbot ChatGPT, is in talks to sell existing shares in a tender offer that would value the company at about $29 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Microsoft Corp which invested $1 billion in OpenAI in 2019, was working to launch a version of its search engine Bing using the AI behind the now viral ChatGPT, the Information reported on Tuesday..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Western Digital, Japan's Kioxia restart merger talks - Bloomberg News:Memory chip maker Western Digital Corp and Japan's Kioxia Holdings Corp have restarted merger talks, Bloomberg News reported on Wednesday, citing sources familiar with the matter.The report added that the structure of a potential deal is fluid and both companies are considering merging into one publicly trad
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »