Thrive Capital's $1 Billion Funding Round Includes Tech Giants Microsoft, Apple, and Nvidia for OpenAI
Thrive Capital is leading a financing round of $1 billion that includes prominent tech companies Microsoft, Apple, and Nvidia to support OpenAI, an artificial intelligence (AI) firm valued at over US$100 billion. Reports state that Nvidia has shown interest in investing around $100 million, contributing to a funding strategy that reflects the growing reliance on AI technologies.
Tech Giants Unite for AI Investment
Microsoft, already a major backer of OpenAI with its $13 billion investment, is joined by Apple, which plans to incorporate ChatGPT into its forthcoming AI features. Investors are keenly observing this funding effort, particularly amidst concerns regarding regulatory scrutiny over Nvidia’s dominance in AI chip manufacturing and Microsoft’s coalition with OpenAI.
Nvidia’s Role in AI Accelerators
Nvidia's recent quarterly earnings report indicated a revenue surge, showcasing the rising demand for AI accelerators essential for driving AI innovations. The relentless competition within the sector has prompted significant investments from leading firms aiming to harness the capabilities of AI.
OpenAI's Future Growth with New Capital
According to Sarah Friar, OpenAI’s CFO, the forthcoming financing will be utilized to enhance computing power and cover operational costs, ensuring the company's competitive edge in the AI landscape.
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.