Meta (formerly Facebook) is reportedly in touch with Microsoft and OpenAI`s to develop an artificial intelligence (AI) coding assistant for its engineers. According to `Command Line` by The Verge`s Alex Heath, Meta CTO Andrew Bosworth recently told employees about the plan, saying the cost for building an AI coding engineer is "crazy" at about seven cents per query.

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"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 told employees.

He revealed that the company is also working on a "companion that is more about all of our code and our internal documentation, built on our own infrastructure".

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"We are moving very fast. I think we`ll have something to play with internally, I`m hoping in mid-June, maybe late June," Bosworth said.

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

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

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

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