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A bombshell dropped last night reporting that Microsoft is in talks to invest $10 billion in ChatGPT. What does this mean for investors and the competition?
Microsoft (MSFT -0.40%) is in talks to invest $10 billion in OpenAI, the owner of ChatGTP. Here is a breakdown of the news, what it means for Microsoft stock, and how it could affect competitors like Alphabet (GOOG 0.52%) (GOOGL 0.46%) and Amazon (AMZN -0.00%).
*Stock prices used were the morning prices of Jan. 10, 2023. The video was published on Jan. 10, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka has positions in Advanced Micro Devices, Alphabet, Amazon.com, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon.com, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
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