"Microsoft is considering a $10 billion investment in the company, on top of the $3 billion that the company appears to have already invested, according to documents and sources. The deal structure, which includes preferential terms for Microsoft and a separate tender offer involving venture capitalists, is all very unusual."
"No matter how you look at it, billions of dollars is a lot of money-particularly in 2023, and for a minority investment in a company. It's evident that Microsoft and other investors see enormous potential in OpenAI technology. And hey, it's hard not to."
"I've been experimenting with ChatGPT myself, and it's exciting to brainstorm all the possibilities of how generative A.I. could help me better research my stories. ChatGPT can already write source code, draft up a compelling email template or party invitation, and help a parent convey to their child the truth about Santa Claus without spoiling the magic of the season."
"For example, ask ChatGPT who writes Term Sheet, and the bot will confidently say Dan Primack, who left Fortune more than six years ago to join Axios. To see exactly what ChatGPT is capable of right now, I asked it to write today's edition of Term Sheet and weigh in on whether journalists like me could end up being displaced by A.I. technology."
Microsoft is considering a $10 billion investment in OpenAI, potentially on top of about $3 billion already invested. The proposed structure includes preferential terms for Microsoft and a separate tender offer involving venture capitalists. The scale of the investment reflects strong expectations for OpenAI’s generative AI technology. ChatGPT can already assist with tasks such as writing source code, drafting emails, and helping communicate ideas to children. Current limitations can appear when asked about specific, time-sensitive details, such as identifying who writes Term Sheet. A prompt to ChatGPT about journalism and newsletter authorship produces a response focused on whether AI could replace human-written newsletters.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]