IBL News | New York
Apple and NVIDIA are in talks to invest in OpenAI at a valuation of over $100 billion. Microsoft, which already owns 49% of OpenAI, may also participate.
The New York Times reported that Thrive Capital would lead the deal should it happen.
Early this year, Thrive Capital led a deal that valued OpenAI at over $80 billion.
This new round takes place as OpenAI is said to be on track to lose $5 billion by year-end as it expands its AI training and staffing efforts.
OpenAI runs and trains its generative AI models primarily on Nvidia GPUs, while Apple agreed to integrate ChatGPT into iOS as part of Apple’s upcoming AI features.
