2 weeks Ago By Firstpost
Apple and NVIDIA are reportedly in talks to invest in OpenAI, aiming to boost the AI company’s valuation past the $100 billion mark. This potential investment highlights the growing interest in AI from some of the biggest names in tech. Apple, known for developing its own products and technologies, seems to be considering a strategic partnership with OpenAI.
This comes as the company is set to introduce its Apple Intelligence AI features later this year. Although Apple typically focuses on in-house development, this move suggests the company is open to strengthening its AI capabilities through external collaborations. For NVIDIA, a leader in the chip industry, investing in OpenAI could further solidify its role in the AI world.
NVIDIA’s GPUs are essential for many AI applications, and a stake in OpenAI would likely expand its influence within the AI ecosystem. This potential involvement from Apple and NVIDIA in OpenAI’s latest fundraising round underscores how crucial AI is becoming for the future strategies of these tech giants. Apple’s growing AI interests Apple’s interest in OpenAI seems to be part of a larger plan to enhance its AI offerings.
The company is expected to share more about its AI advancements during its upcoming Glowtime event on September 9, where it will likely introduce its Apple Intelligence features. Apple’s AI approach this year seems to blend the development of its own models with the integration of third-party solutions, giving users a richer, more diverse AI experience on their devices. An investment in OpenAI could provide Apple with additional flexibility in its AI strategy, helping the company stay at the forefront of AI technology while continuing to prioritize privacy and data security—a cornerstone of Apple’s brand.
Rumours also suggest Apple might collaborate with other tech giants like Meta, Google, and Anthropic on future AI projects. Despite these potential partnerships, Apple remains committed to maintaining its high privacy standards, aiming to balance cutting-edge innovation with user confidentiality. OpenAI’s road to a $100 billion valuation OpenAI, based in San Francisco, is currently working on securing new funding that could push its valuation beyond $100 billion.
Thrive Capital is expected to lead this investment round with a $1 billion contribution, with other investors. While the details are still being finalized, this round could significantly elevate OpenAI’s value from its current $86 billion. There is no word from Microsoft if they will be investing in this round.
This surge in valuation follows a series of successful funding rounds, including a major investment from Microsoft earlier this year, which valued the company at around $30 billion. The rapid rise in OpenAI’s valuation reflects the growing demand for AI technologies, driven in part by the success of its ChatGPT product. With shares trading on the secondary market at prices suggesting a valuation of over $110 billion, OpenAI’s influence in the AI industry continues to grow.
As major tech companies like Apple and NVIDIA show interest in investing, OpenAI’s role in shaping the future of AI becomes even more prominent..
