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.
John's doing good and doing well at the same time
Business Now got in touch with Rabail Arshad, founder of ARInvoTech to know more about…
Doztra AI is built for people who deal with complexity every day and cannot afford…
BrandGenius by AI VisionGuard is revolutionizing the way that companies safeguard their most important assets
GoGEE8 began as an idea during the lockdown days—born out of both urgency and inspiration.…
GCS is led by Ashley Campos, alongside Jennifer Manrique as COO and Carlos Campos as…