As part of a new fundraising round, Apple and Nvidia are reportedly in talks to invest in OpenAI, the company behind ChatGPT. If this investment goes through, it could potentially value OpenAI at over $100 billion. This comes after news that Thrive Capital, a venture capital firm, is planning to invest around $1 billion in OpenAI, leading the current fundraising efforts. Microsoft, OpenAI’s largest investor, is also expected to participate in this new funding round.
OpenAI has become a key component of Apple's AI strategy. In June, Apple rolled out OpenAI’s chatbot, ChatGPT, on its devices through a program named "Apple Intelligence." Furthermore, Apple is expected to take on an observer role on OpenAI’s board, underscoring the strengthening ties between the two companies.
It should be noted here that the specific amounts that Apple, Nvidia, and Microsoft are planning to invest have not been disclosed.
OpenAI’s rising valuation is a result of the intense competition in the AI sector, which intensified after the launch of ChatGPT in late 2022. This launch spurred companies across various industries to pour billions into AI technology to stay competitive.
Earlier this year, OpenAI was valued at $80 billion following a tender offer led by Thrive Capital, where the firm sold existing shares.
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