AI Leaders Microsoft and Apple Bet on OpenAI for Unprecedented Growth

Thursday, 29 August 2024, 18:07

AI innovations are driving major investment from tech giants. OpenAI is in talks for a funding round that could skyrocket its valuation to over $100 billion, with heavyweights like Microsoft and Apple reportedly interested in joining the round. This ongoing momentum highlights OpenAI's position as a frontrunner in the artificial intelligence landscape amidst fierce competition.
Business Insider
AI Leaders Microsoft and Apple Bet on OpenAI for Unprecedented Growth

OpenAI's Surging Valuation Amid Major Interest

OpenAI, a trailblazer in artificial intelligence, is reportedly negotiating a new funding round, poised to potentially value the startup at more than $100 billion. According to recent reports by The Wall Street Journal, Thrive Capital is leading this round with an investment of $1 billion. Furthermore, tech titans like Microsoft, Apple, and Nvidia are expressing interest in joining this lucrative venture.

Microsoft and Apple's Strategic Investments

Despite identifying OpenAI as a competitor, Microsoft has invested over $13 billion in partnership with the firm. Similarly, Apple aims to integrate ChatGPT into its operating systems as part of a recent partnership announced in June. This collaboration indicates Microsoft and Apple's commitment to leveraging AI technologies, as they recognize OpenAI's pivotal role in the sector.

Nvidia's Continued Interest in AI Ventures

Nvidia has also shown significant intrigue in OpenAI's funding pursuits. Having experienced substantial hype around its products powering AI innovations, Nvidia's NVentures has invested in numerous AI startups this year. This alignment with OpenAI further solidifies the rising trend of investments in artificial intelligence as a critical factor in future tech advancements.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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