.
MergerLinks Header Logo

Announced

Microsoft to invest $10bn in OpenAI.

Financials

Edit Data
Transaction Value£8,063m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Auto Technology

artificial intelligence

United States

Friendly

Minority

Pending

Single Bidder

Private

Acquisition

Domestic

Synopsis

Edit

Microsoft, an American multinational technology company, agreed to invest $10bn in OpenAI, a tech company. “We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform. In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications," Satya Nadella, Microsoft Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US