Yahoo Finance
Microsoft-Backed OpenAI Completes Deal, Valuing AI Company
Artificial intelligence company OpenAI has completed a deal backed by Microsoft, valuing the company at a significant amount.
OpenAI has gained recognition for its advancements in AI technology, including its development of the ChatGPT chatbot.
Microsoft has been a prominent supporter of OpenAI, with the two companies collaborating on various projects, including the integration of ChatGPT's technology into Microsoft's search engine, Bing.
The completion of the deal marks a significant milestone for OpenAI and its investors, highlighting the growing importance and potential of artificial intelligence in various industries.
Yahoo Finance
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