Microsoft has already infused around $10 billion in OpenAI that is behind the highly-successful generative AI chatbot called ChatGPT.News 

Meta seeks help from OpenAI to create an artificial intelligence coding assistant for its engineers

Meta (formerly Facebook) is reportedly teaming up with Microsoft and OpenAI to develop an artificial intelligence (AI) coding assistant for its engineers.

According to “Command Line” by The Verge’s Alex Heath, meta-technology director Andrew Bosworth recently briefed employees on the plan, saying the cost to build an AI coding engineer is “insane” at about seven cents per query.

“It’s the only place in the company where we’re really considering working with Microsoft and OpenAI because there’s a natural business integration,” he told employees.

He revealed that the company is also working on “a partner that will handle more of all our code and internal documentation, built on our own infrastructure.”

“Not very quickly. I think internally we have something to play for, hopefully mid-June, maybe late June,” Bosworth said.

According to reports, OpenAI has received $300 million from venture capital firms at a valuation of $27-29 billion.

VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global are raising new shares, according to documents seen by TechCrunch.

Microsoft has already spent about $10 billion on OpenAI, which is behind the hugely successful generative AI chatbot, ChatGPT.

ChatGPT has been a hit, with more than a billion visitors to its website in February, according to Similar Web data.

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