How and why Microsoft’s $1 billion bet on ChatGPT-maker OpenAI in 2019 may be best investment in tech history
OpenAI's restructuring into a for-profit entity is poised to grant Microsoft a substantial equity stake, potentially valued at $150 billion. This follows Microsoft's $13 billion investment, marking a potentially historic tech investment return. The partnership, initially involving profit-sharing units and Azure cloud credits, evolved due to ChatGPT's growth and OpenAI's need for capital.
OpenAI's restructuring into a for-profit entity is poised to grant Microsoft a substantial equity stake, potentially valued at $150 billion. This follows Microsoft's $13 billion investment, marking a potentially historic tech investment return. The partnership, initially involving profit-sharing units and Azure cloud credits, evolved due to ChatGPT's growth and OpenAI's need for capital.
