Home ยป Apple and NVIDIA Show Interest in Joining OpenAI’s New Fundraising Round

Apple and NVIDIA Show Interest in Joining OpenAI’s New Fundraising Round

The Wall Street Journal has reported additional news on OpenAI, as they are in negotiations with investors to raise new funding that could surpass a business value of over $100 billion. Companies interested in investing in OpenAI include Apple and NVIDIA. However, there are no details on how much both companies are willing to invest, as previous reports indicated that Thrive Capital would be the main investor in this round with a multi-billion dollar investment, with Microsoft also being a major shareholder investing a significant amount.

If Apple decides to invest in OpenAI, it would be a clear choice for the AI service sector. Previously, the company introduced Apple Intelligence, which offers services that connect with external service providers. Currently, the only service available is ChatGPT from OpenAI. On the other hand, NVIDIA has previously invested in several AI companies such as Inflection AI or Databricks. Additionally, OpenAI is a key customer that uses NVIDIA’s chips for processing.

Source: The Wall Street Journal

TLDR: The Wall Street Journal reported that OpenAI is in talks with investors for funding that could exceed $100 billion, with interest from companies like Apple and NVIDIA. Thrive Capital and Microsoft are already involved in the investment, with potential for Apple to make a notable contribution to the AI sector. NVIDIA has a history of investing in AI companies and OpenAI is a significant customer for their processing chips.

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