U.S. technology giant Microsoft Corp (NASDAQ:MSFT) is in talks to invest up to $10 billion in artificial intelligence firm OpenAI, the firm behind the wildly popular platform ChatGPT, news outlet Semafor reported on Tuesday.

The funding will also include other venture capital firms, and will value OpenAI at about $29B, Semafor reported. The funding is expected to be part of a “complicated deal” in which Microsoft will gain about 75% of OpenAI’s profits until the firm recoups the initial investment.

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