Apple and Nvidia are reportedly in discussions to join a major funding round for OpenAI, the Wall Street Journal reports. The new round of investment could push the ChatGPT-maker’s valuation above US$100 billion.
Key Takeaways
- The investment aligns with Apple’s efforts to integrate advanced AI, like ChatGPT, into its future products.
- Nvidia’s potential investment would strengthen its position as a provider of the hardware driving OpenAI’s AI advancements.
- Thrive Capital is leading the funding round and is expected to invest around $1 billion, according to the WSJ report.
- Microsoft, already a major investor in OpenAI, is likely to increase its stake.
- The exact amounts each company will invest are still undisclosed, but the overall funding could mark one of the largest in AI history.
Big number
US$100 billion — The potential valuation of OpenAI following this funding round.
Crucial quote
“Investments from Apple and Nvidia in OpenAI would be a clear signal of their commitment to leading in the AI space,” said Jason Kwon, Chief Strategy Officer at OpenAI. “This round is pivotal as we continue to expand our capabilities and partnerships.”
Key background
OpenAI is negotiating a major funding round expected to value the company at over $100 billion. This follows previous substantial investments, including a $10 billion commitment from Microsoft. The new round is led by Thrive Capital, with Apple and Nvidia in talks to join.
Apple’s potential involvement aligns with its plans to integrate ChatGPT into its products, while Nvidia’s participation would strengthen its existing ties with OpenAI, which relies on Nvidia’s hardware.
Tangent
The potential investment by Apple and Nvidia comes as OpenAI and Anthropic recently signed agreements with the US government to collaborate on AI research and testing.
These deals, the first of their kind, give the US Artificial Intelligence Safety Institute access to both companies’ AI models for evaluation before they are publicly released.
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