Apple and chipmaker Nvidia are reportedly in discussions to join the latest fundraising round for OpenAI, the parent company of ChatGPT. According to reports, this round could elevate OpenAI's valuation to over $100 billion. The Wall Street Journal first reported Apple's interest, sparking widespread media speculation about Nvidia's potential involvement. Additionally, venture capital firm Thrive Capital is rumored to be considering a $1 billion investment in this round.
Notably, Apple is introducing OpenAI’s chatbot to its devices, under “Apple Intelligence”, and hence this fundraising round has become important to Apple’s AI strategy. The reports suggested that the iPhone maker has garnered the role of an observer on OpenAI’s board.
On the other hand, OpenAI’s biggest strategic investor Microsoft, who already invested over $10 billion in the firm, is also anticipated to take part in the fundraiser round. However, the exact amount that Apple, Nvidia, and Microsoft are investing remains undiscovered.
OpenAI, ever since launched ChatGPT in November 2022, has sparked its AI arms race and attained a high valuation, encouraging firms across industries to invest heavily in its technology to lead the AI race and capture maximum market share.
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