Apple, Nvidia in Talks to Join OpenAI Funding Round: Reports

The Wall Street Journal first reported on Apple's interest, citing sources, while Bloomberg News reported on Nvidia's potential involvement.

Advertisement
By Reuters | Updated: 30 August 2024 12:42 IST
Highlights
  • OpenAi was reportedly valued at $80 billion in February
  • Microsoft is also expected to participate in the funding round
  • Investment amounts of Apple, Microsoft, and Nvidia remain undisclosed
Apple, Nvidia in Talks to Join OpenAI Funding Round: Reports

OpenAI sparked the AI arms race with the launch of ChatGPT in late 2022

Photo Credit: Unsplash/ Levart_Photographer

Apple and chip giant Nvidia are reportedly in talks to invest in OpenAI as part of a new fundraising round that could value the ChatGPT maker above $100 billion (roughly Rs. 7,870 crore), according to media reports on Thursday.

The Wall Street Journal first reported on Apple's interest, citing sources, while Bloomberg News reported on Nvidia's potential involvement.

The news comes a day after the Journal reported that venture capital firm Thrive Capital would invest around $1 billion (roughly Rs. 78.70 crore) in OpenAI, leading the funding round.

Apple and OpenAI not immediately respond to Reuters requests for comment, while Thrive Capital, Nvidia and Microsoft declined comment.

Advertisement

OpenAI has become increasingly important to Apple's artificial intelligence strategy, with the iPhone maker bringing the AI firm's chatbot, ChatGPT, to Apple devices in June as part of "Apple Intelligence."

Apple was also reported to gain an observer role on OpenAI's board.

Advertisement

Microsoft, OpenAI's largest strategic investor with over $10 billion (roughly Rs. 787 crore) invested, is also expected to participate in the funding round, according to the WSJ report.

The exact investment amounts from Apple, Microsoft and Nvidia remain undisclosed.

Advertisement

OpenAI's high valuation is a result of the AI arms race it sparked with the launch of ChatGPT in late 2022, prompting companies across industries to invest billions in the technology to stay ahead of the competition and capture market share.

The Sam Altman-led firm was reportedly valued at $80 billion (roughly Rs. 6,296 crore) in February after completing a deal where the company would sell existing shares in a so-called tender offer led by Thrive Capital.

© Thomson Reuters 2024

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: AI, Apple, Nvidia, OpenAI
Advertisement

Related Stories

Popular Mobile Brands
  1. Nothing Phone 3 to Be Equipped With the Snapdragon 8s Gen 4 SoC
  2. OnePlus Nord 5 and Nord CE 5 Colour Options, Key Features Leaked
  3. Samsung Galaxy S25 Ultra Price in India Discounted for a Limited Time
  4. Poco F7 5G to Launch in India and Global Markets on This Date
  5. Trump Mobile T1 Phone With 5,000mAh Battery Announced; See Price, Features
  6. Samsung Galaxy M36 5G to Launch in India Soon; Design, Price Range Teased
  7. Google Pixel 10 Series May Get a Tele-Macro Camera: All Details
  8. Sony Bravia 8 II QD-OLED TV Series Launched in India: See Price, Features
  9. Reddit Unveils AI Ad Tools That Leverage Users' Collective Intelligence
  1. Nothing Phone 3 Confirmed to Come With Snapdragon 8s Gen 4 SoC Ahead of July 1 Launch
  2. Samsung Galaxy M36 5G India Launch Teased; Rear Design and Price Range Revealed
  3. Reddit Unveils Reddit Community Intelligence, Its Suite of AI-Powered Ad Tools for Enterprises
  4. Sony Bravia 8 II QD-OLED TV Series With Acoustic Surface+ Audio, Studio Calibrated Mode Launched in India
  5. Asus Unveils Refreshed Vivobook S16, S16 OLED Laptops in India Alongside Vivobook S14: Price, Features
  6. Apple Watch Ultra 3 Said to Launch This Year; Product Roadmap for Next Three Years Leaked
  7. Google Unveils India-Focused Safety Charter, Shares How It Is Using AI to Combat Online Frauds and Scams
  8. Realme Buds Wireless 5 Lite India Launch Date Set for June 23; Availability Details, Key Features Revealed
  9. Prince of Persia: Sands of Time Remake Remains "Deep" in Development, Says Ubisoft
  10. Trump Mobile T1 Smartphone With 6.8-Inch Display, 5,000mAh Battery Announced; Price, Specifications
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.