ChatGPT creator OpenAI in investor talks valuing company at $29bn

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Elon Musk founded the research organisation with investor Sam Altman

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 $29bn, reports said.

Microsoft, which invested $1bn 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.

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