Microsoft is reportedly looking to invest $10 billion in OpenAI, the parent company of ChatGPT, which would place the value of the company at $29 billion. Investors believe the new technology company could change the world as Google did.

Today Explained: Is ChatGPT Parent OpenAI the Next Google?

It's time now for today explain where we break down some of the biggest stories in the news, how we got here and where we go next. Microsoft is looking to invest $10 billion open ai now you've probably heard of this ai companies, the owner of the popular chat bot chat Gpt. It was co founded by Elon musk Now at this level of investment, it's valuing the company at about $29 billion. That's a huge valuation for a company still in the research and development phase. Microsoft has already invested in open ai to the tune of billions of dollars that was back in 2019. Now, cheddar News reached out to Microsoft and open ai Microsoft told cheddar news that it does not comment on speculation, so why exactly is it valued so highly? Well, investors believe it has the potential to change all of our lives. Similar to the way that google did chat GPT is a tool that processes natural language and it enables chatbots to seem like humans when you interact with them. It's hugely popular and to be frank almost ghostly in its accuracy and apparent empathy. Roger chung is the executive editor at Cnet News and he joined cheddar earlier to discuss some of the ethical concerns that come with this technology right now. I mean it's great for things like Wikipedia entries, but in terms of writing news stories, it's not quite there yet. And so there are clearly concerns that, you know, this might eventually replace folks replace jobs coders for instance. But right now it's still kind of in a wait and see period. Students have also used this technology to write essays and that problem got so bad that now new york City's Department of Education has banned chat GPT on its networks. They say it hurts learning. Still, this technology could help Microsoft strengthen its search engine and gain some market share from google. There are reports that Microsoft could introduce this technology to its office apps to strengthen functions like auto complete and suggestions and programs like outlook and word. Essentially this artificial intelligence is constantly learning from you and me and others to know how best to communicate with us. And that's a very powerful aspect because it could one day be used in many of our information searches and communications with companies.