Apple and Nvidia are reportedly in discussions to invest in OpenAI’s upcoming fundraising round, which could value the artificial intelligence company at over $100 billion, according to media reports on Thursday.
The Wall Street Journal first revealed Apple’s interest in the funding round, while Bloomberg News reported Nvidia’s potential involvement. These investments are set to come alongside a $1 billion commitment from venture capital firm Thrive Capital, which will lead the round.
OpenAI’s valuation surge is largely attributed to the explosive impact of its ChatGPT chatbot, which has ignited an AI arms race among tech giants. Apple and Nvidia’s potential investments signal their increasing focus on AI technologies, with OpenAI becoming a key player in the sector.
The news follows Apple’s integration of ChatGPT into its devices under the “Apple Intelligence” brand in June. The iPhone maker has also reportedly been granted an observer role on OpenAI’s board, further solidifying the partnership.
Microsoft, OpenAI’s largest strategic investor with over $10 billion already invested, is also expected to participate in the fundraising round, according to the Wall Street Journal.
Details regarding the exact investment amounts from Apple, Nvidia, and Microsoft have not been disclosed. The high valuation of OpenAI reflects the intense competition in the AI field, with major companies investing heavily to leverage advanced technologies and capture market share.
Neither Apple nor OpenAI responded immediately to requests for comment from Reuters. Thrive Capital, Nvidia, and Microsoft also declined to comment on the reports.
As OpenAI continues to push the boundaries of AI technology, these investments from major tech players underscore the growing significance and potential of artificial intelligence in shaping the future of technology.
hii Aditi Sahu this side..
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