Apple and Nvidia eye investment in OpenAI

The speculation of the two tech giants follows a recent report that Thrive Capital plans to invest around $1 billion in OpenAI, leading the funding round.
OpenAI is raising funds at a $150 billion valuation, marking a 74% increase from earlier this year.

Apple and Nvidia are reportedly in discussions to invest in OpenAI, potentially pushing the valuation of the ChatGPT creator above $100 billion. The speculation of the two tech giants over the investment follows reports that venture capital firm Thrive Capital plans to invest around $1 billion in OpenAI, leading the latest funding round. While Apple and OpenAI have not commented on the news, sources indicate that Apple is increasingly integrating OpenAI’s technology into its products, including bringing ChatGPT to Apple devices earlier this year.

Microsoft, OpenAI’s largest investor with over $10 billion already committed, is also expected to join this fundraising effort. The exact amounts that Apple, Nvidia, and Microsoft will invest remain undisclosed. OpenAI’s high valuation underscores the intense competition in the AI industry, which has seen companies across various sectors invest heavily to leverage the technology and stay ahead.

The rapid rise in OpenAI’s worth reflects its pivotal role in the ongoing AI race, particularly following the launch of ChatGPT in late 2022. The company’s valuation reached $80 billion earlier this year through a tender offer led by Thrive Capital, highlighting its growing influence and strategic importance in the tech industry.