Categories: BusinessTechnology

Apple & Nvidia OpenAI’s next big investors?

According to reports, Nvidia and Apple are in discussions to contribute to OpenAI’s upcoming fundraising round, which could value the company that makes ChatGPT at $100 billion.

The New York Times reports that, based on its sources, Thrive Capital, an earlier OpenAI investor, would spearhead the deal, should it proceed.

The WSJ broke the news of Apple’s possible interest, and Bloomberg was the first to report on Nvidia’s involvement.

Microsoft, which currently holds a 49% stake in OpenAI, might also take part. OpenAI requires funding.

Its yearlyized revenue reportedly surpassed $3.04 billion at the beginning of the year, but as it increases its AI training and staffing efforts, it is expected to lose $5 billion by year’s end.

OpenAI is connected to both businesses. It uses Nvidia GPUs to run and train its generative AI models, while Apple earlier this year decided to include ChatGPT in iOS as a part of Apple Intelligence, the company’s upcoming AI feature set.

Business Now Desk

Recent Posts

Trump Signals Thaw in U.S.-China Trade War, Promises Tariff Cuts but Not Elimination

Despite these tensions, the prospect of a trade agreement has had a positive impact on…

13 hours ago

StockNow: The Next Generation Investment Social Media Platform

StockNow provides real-time sentiment tracking, risk assessment, and trading signals with AI-Driven Stock Analysis to…

4 days ago

CEO of the Week: Dubai airport retail king Colm McLoughlin

Colm McLoughlin was born in July 1943, in Ballinasloe, County Galway, Ireland. He is a…

1 week ago

Sync Record: The Ultimate Data Synchronization Solution

Sync Record's efficiency, automation, and user-friendliness make it stand out in the market. It makes…

2 weeks ago

Codiva Software & Technology: Customized digital solution for your business

Codiva Software & Technology is excellent at offering full-scope consulting and project management services

2 weeks ago

Eliga Consultancy: Transforming Contract Management for the Tech Industry

Business Now spoke with a spokesperson from Eliga to discuss the inspiration behind the consultancy,…

3 weeks ago