American multinational technology company Microsoft seeks to boost efforts in its web search as it plans to invest in Open AI chatbot, ChatGPT.
Reports reveal that both parties have been in talks for months as the tech giant has offered a proposal of a $10 billion investment.
If the deal goes through, it will see ChatGPT’s valuation rise to $29 billion, while Microsoft will get a 75% share of the company’s profit.
Microsoft is currently seeking to edge out its rival Google as it is reportedly working to launch a version of its Bing search engine that is powered by an AI tech that is currently used in ChatGPT, as it will be unveiled at the end of March.
The ChatGPT has been a hot topic on the internet for some weeks since its launch on November 30, 2022, for its ability to create content, develop code, write essays, etc.
The Open AI chatbot’s core function is to mimic a human conversation including its ability to write and debug code as well as computer programs.
A lot of people have disclosed that the ChatGPT could pose a serious threat to tech giant Google, and probably displace it from being the dominant search engine worldwide.
Investors King understands that this is why Microsoft aims to integrate the Open AI chatbot into its bing search engine, in order to boost its user count and dominate the web search.
Reports reveal that Microsoft hopes for a more conversational search experience in which a bot provides contextual replies based on search queries.
Despite the superb ability of the ChatGPT, it has been disclosed to have a few limitations. The app has been revealed to sometimes write plausible-sounding but incorrect or nonsensical answers.
It has also been reported to have limited knowledge of events that occurred after 2021. However, OpenAI CEO, Sam Altman has expressed reservations about ChatGPT’s current capabilities.
In a tweet last month, he tweeted that it would be a mistake to be relying on the chatbot for anything important, noting that it’s currently merely a preview of progress rather than the finished product.