{"id":1486781,"date":"2024-08-29T19:08:45","date_gmt":"2024-08-29T23:08:45","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1486781"},"modified":"2024-08-29T19:08:45","modified_gmt":"2024-08-29T23:08:45","slug":"apple-nvidia-eye-investments-in-openai-as-chatgpt-hits-100-billion-valuation","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/apple-nvidia-eye-investments-in-openai-as-chatgpt-hits-100-billion-valuation\/1486781\/","title":{"rendered":"Apple, Nvidia Eye\u00a0Investments In OpenAI As ChatGPT Hits $100 Billion Valuation"},"content":{"rendered":"

Apple, Nvidia Eye\u00a0Investments In OpenAI As ChatGPT Hits $100 Billion Valuation<\/span><\/p>\n

\n

Update:<\/strong><\/p>\n

Bloomberg now reports that Nvidia has discussed investing in\u00a0Microsoft-backed OpenAI through a new funding round. This comes one hour after WSJ reported that Apple was also discussing investing in\u00a0Sam Altman’s chatbot startup.\u00a0<\/p>\n

NVIDIA HAS HELD DISCUSSIONS ABOUT JOINING OPENAI FUNDING ROUND<\/em><\/strong><\/p>\n

*\u00a0 \u00a0 *\u00a0 \u00a0 *\u00a0<\/p>\n

Less than one day after the Wall Street Journal<\/em> reported that venture capital firm Thrive Capital would invest at least a billion dollars<\/a> in\u00a0Microsoft-backed OpenAI at (or around) $100 billion valuation, new reports indicate that Apple is also in talks to invest in the chatbot startup.\u00a0<\/p>\n

<\/a><\/p>\n

WSJ<\/a> reports that the world’s most valuable company, led by CEO Tim Cook, is expected to participate in the new funding round that values OpenAI at $100 billion.\u00a0There was no clear indication of how much Apple plans to allocate for the investment.<\/p>\n

Apple is in talks to invest in OpenAI, a move that would cement ties to a partner integral to its efforts to gain ground in the artificial-intelligence race.<\/em><\/p>\n

The investment would be part of a new OpenAI fundraising round that would value the ChatGPT maker above $100 billion, people familiar with the situation said.<\/em><\/p>\n

It couldn’t be learned how much Apple or Microsoft will invest into OpenAI this round. To date, Microsoft has been the primary strategic investor into OpenAI. It owns a 49% share of the AI startup’s profits after investing $13 billion since 2019. -WSJ<\/em><\/p>\n

In June, Apple\u00a0partnered with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac. Bloomberg noted that the agreement involved “weaving ChatGPT, a digital assistant that responds in plain terms to information requests, into Apple’s Siri and new writing tools.”\u00a0<\/p>\n

The potential investment comes as Apple gears up for its\u00a0big iPhone 16 launch event in less than two weeks.<\/p>\n

According to\u00a0Wedbush analyst Dan Ives, the AI-enabled\u00a0iPhone 16 will unleash\u00a0Apple’s biggest upgrade cycle in history.\u00a0<\/p>\n

“AI is on the doorstep,” Ives said, adding, “Our recent Asia checks are giving us more confidence this upgrade cycle will unleash a long-awaited renaissance of growth for Cupertino over the next year.”<\/em><\/p>\n

Apple’s potential investment in OpenAI serves as a reminder about big tech’s move to dominate the generative AI space. So far, Microsoft has come ahead with its early investment in\u00a0Sam Altman’s chatbot startup.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 08\/29\/2024 – 15:08<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/technology\/apple-eyes-investment-openai-chatgpt-hits-100-billion-valuation<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Apple, Nvidia Eye\u00a0Investments In OpenAI As ChatGPT Hits $100 Billion Valuation Update: Bloomberg now reports that Nvidia has discussed investing in\u00a0Microsoft-backed OpenAI through a new…<\/p>\n","protected":false},"author":0,"featured_media":1486782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1486781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1486781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1486781"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1486781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1486782"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1486781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1486781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1486781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}