Microsoft is now in advanced talks to complete the investment. However, no deal has yet been reached and an agreed-upon funding amount has not been decided. In 2019, Microsoft invested $1 billion into the company.
OpenAI, which uses Microsoft’s Azure cloud service, specializes in the research and development of various AI products. Most recently, the company has developed AI-generated art.
The company would likely use any Microsoft investment to fund the computing power it needs to work on its AI projects, according to the Journal.
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