(Reuters) – Apple and chip large Nvidia (NASDAQ: NVIDIA) are in talks to spend money on OpenAI as a part of a brand new funding spherical that might increase the ChatGPT maker’s valuation, based on media studies on Thursday. Valued at over $100 billion.
The Wall Avenue Journal first reported Apple’s (NASDAQ: ) curiosity, citing sources, whereas Bloomberg Information reported Nvidia’s potential involvement.
The day earlier than, the Wall Avenue Journal reported that enterprise capital agency Thrive Capital would make investments roughly US$1 billion in OpenAI and lead this spherical of financing.
Apple and OpenAI didn’t instantly reply to Reuters’ requests for remark, whereas Thrive Capital, Nvidia and Microsoft declined to remark.
OpenAI is changing into more and more necessary to Apple’s synthetic intelligence technique, with the iPhone maker introducing the AI firm’s chatbot ChatGPT to Apple units in June as a part of “Apple Intelligence.”
Apple has additionally reportedly been provided a place as an observer on OpenAI’s board of administrators.
In response to the Wall Avenue Journal, Microsoft, OpenAI’s largest strategic investor, can also be anticipated to take part on this spherical of financing, with an funding of greater than $10 billion.
The precise quantity of funding from Apple, Microsoft and Nvidia has not been disclosed.
OpenAI’s excessive valuation is the results of the bogus intelligence arms race triggered by the launch of ChatGPT in late 2022, prompting corporations throughout industries to take a position billions within the know-how to take care of a aggressive benefit and seize market share.
The Sam Altman-led firm was reportedly valued at $80 billion after finishing a deal in February to promote present shares by way of a so-called tender provide led by Thrive Capital Greenback.
