New Delhi (India), 1st May 2023: Facebook parent Meta is in talks with Microsoft and ChatGPT developer OpenAI about developing an artificial intelligence (AI) assistant to assist its engineers in coding development, reports suggest.
According to ‘Command Line’ by The Verge’s Alex Heath, Meta CTO Andrew Bosworth recently informed staff about the idea and stated that it will cost the firm approximately seven cents for every query.
The CEO told his employees, “That’s the only place in the company we’re really considering working with Microsoft and OpenAI, just because there’s a natural business integration there.”
He further added that the company is working on a, “companion that is more about all of our code and our internal documentation, built on our own infrastructure…We are moving very fast. I think we’ll have something to play with internally, I’m hoping in mid-June, maybe late June.”
According to estimates, OpenAI has obtained $300 million in venture capital funding at a valuation of $27-$29 billion.
According to records obtained by TechCrunch, VC firms such as Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, and K2 Global are purchasing fresh shares in OpenAI.
Microsoft has previously invested over $10 billion in OpenAI, the company behind the hugely successful generative AI chatbot ChatGPT.
