How and why Microsoft’s $1 billion bet on ChatGPT-maker OpenAI in 2019 may be best investment in tech history
OpenAI recently announced plans to restructure into a for-profit public benefit corporation, a move that will allow it to issue traditional stock to investors. With this change, according to analysts, Microsoft is set to receive a new equity stake in OpenAI that could be worth at least $150 billion. This would be a remarkable return on Microsoft’s total investment of approximately $13 billion – suggesting that bet is shaping up to be one of the most successful investments in the history of technology.
According to a report by Business Insider, the potential return rivals some of the most famous technology acquisitions.
