Apple, NVIDIA in talks to Raise Funding for OpenAI
New Funding for OpenAI from Apple and NVIDIA
OpenAI, the maker of ChatGPT, is currently in discussions to secure funding from tech giants Apple and NVIDIA. The funding round is expected to value OpenAI at a significant $100 billion, with reports suggesting that NYC-based VC firm Thrive Capital will be leading the investment.
As of now, OpenAI holds a valuation of $86 billion. Microsoft, a long-standing strategic partner of OpenAI, previously valued the company at $30 billion. While Microsoft is still in talks to participate in the upcoming funding round, the specifics remain unclear.
Apple and OpenAI Collaboration
The potential investment from Apple could signify a deepening of the existing relationship between the two companies. The "Apple Intelligence" initiative, which integrated OpenAI's AI capabilities into Apple products, marked a significant milestone in their partnership. Apple's interest in this fundraise reflects CEO Tim Cook's desire to align closely with OpenAI's future innovations.
NVIDIA, on the other hand, has shown optimism in OpenAI's commitment to "Humanity, Computing, and AI." Earlier this year, NVIDIA's CEO, Jensen Huang, personally delivered the first NVIDIA DGX H200 to OpenAI, underscoring their collaborative efforts.
The Future of OpenAI
Since its inception, OpenAI has experienced exponential growth, garnering attention from investors and VC firms alike. The company's ChatGPT platform recently surpassed 200 million active users, indicating its widespread adoption. Notably, 92% of Fortune 500 companies leverage OpenAI's products, showcasing its market relevance.
In a bid to advance safe AI innovation, OpenAI has collaborated with the AI Safety Institute, emphasizing their commitment to trustworthy technology. The company's API usage has doubled following the launch of GPT-4o mini, solidifying its position as a leader in AI-driven solutions.
Overall, OpenAI's trajectory points towards continued innovation and industry leadership, making it a key player in the evolving AI landscape.
