OpenAI Could Reach $100 Billion Valuation with Apple and Nvidia's Investment Talks
By Staff Writer 02 September 2024
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Apple and Nvidia are reportedly in discussions to invest in OpenAI in a new fundraising round that could value the ChatGPT creator at over $100 billion. This development was first reported by The Wall Street Journal, which highlighted Apple's interest, while Bloomberg News noted Nvidia's potential involvement.
The news follows a recent report that venture capital firm Thrive Capital is set to lead the funding round with a $1 billion investment in OpenAI.
OpenAI's significance in Apple's AI strategy has grown, particularly after the iPhone maker integrated ChatGPT into its devices under the "Apple Intelligence" initiative in June.
Source: Reuters
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