• Source:Reuters
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OpenAI is reportedly in talks to get funding from Apple and Nvidia, the world's largest chipmaker, as part of a new funding round that would value the ChatGPT creator at more than $100 billion, claims media reports.

Apple's interest was first reported by The Wall Street Journal, which cited sources. Bloomberg News then reported on Nvidia's possible involvement. The announcement was made one day after the Journal revealed that venture capital firm Thrive Capital would lead the funding round for OpenAI with an approximate $1 billion investment.

Apple's artificial intelligence approach has benefited greatly from OpenAI, as evidenced by the company's chatbot, ChatGPT, which was introduced on Apple devices in June as a part of "Apple Intelligence."

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It was also claimed that Apple joined OpenAI's board as an observer. As per the WSJ article, Microsoft, which is OpenAI's largest strategic investor with over $10 billion invested, is anticipated to take part in the investment round.

The precise sums of the investments made by Microsoft, Nvidia, and Apple are still unknown. The AI arms race that OpenAI started with the release of ChatGPT in late 2022 is what led to the company's high valuation. Businesses from a variety of sectors invested billions in the technology to remain ahead of the competition and gain market share.

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Following the completion of an agreement wherein the company would sell existing shares in a so-called tender offer spearheaded by Thrive Capital, the Sam Altman-led company was allegedly valued at $80 billion in February.

Meanwhile, OpenAI CEO Sam Altman has announced that the AI chatbot ChatGPT now has over 200 million weekly active users. For those unaware, the company recorded 100 million weekly active users two months after the launch in November 2022.

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