• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Apple and Nvidia may become investors in OpenAI

user avatar

by Giorgi Kostiuk

a year ago

  1. Apple and Nvidia's Interest
  2. Thrive Capital and Microsoft's Role
  3. OpenAI's Development and Apple's Role


    4. Apple and Nvidia are considering investing in OpenAI, valued at over $100 billion, highlighting the growing interest in artificial intelligence technologies.

    Apple and Nvidia's Interest

    According to reports from Bloomberg and The Wall Street Journal on August 29, Apple and Nvidia are planning to invest in OpenAI. This move is unusual for Apple, which typically does not invest in startups. However, it aligns with its strategy to remain competitive in the AI sector.

    Thrive Capital and Microsoft's Role

    Investment firm Thrive Capital is leading the round with $1 billion. Microsoft, which owns 49% of OpenAI after investing $13 billion since 2019, is also participating in the round. The exact amounts to be invested by Apple, Nvidia, and Microsoft remain uncertain.

    OpenAI's Development and Apple's Role

    OpenAI reported a doubling in ChatGPT's weekly active users to over 200 million from the previous year. However, the company's annualized sales are approximately $3.4 billion, falling short of some expectations.

    Apple and Nvidia's interest in investing in OpenAI underscores the importance of artificial intelligence for leading tech companies striving to stay competitive in a rapidly evolving industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cango's Strategic Shift to AI Computing

chest

Cango is making a strategic pivot into AI computing while continuing its Bitcoin mining operations.

user avatarMaya Lundqvist

Micron MU Stock Declines Amid Samsung Competition

chest

Micron MU stock has declined due to increased competition from Samsung, which is starting large-scale HBM4 chip production this month.

user avatarLeo van der Veen

Solana Experiences Significant Outflows Amid Market Uncertainty

chest

Solana experiences significant outflows amid market uncertainty, with over 1 million SOL leaving centralized exchanges in a 72-hour period.

user avatarLi Weicheng

Solana Faces Critical Support and Resistance Levels

chest

Analysts highlight Solana's struggle between fragile support and overhead resistance, with critical levels identified. Currently, Solana is consolidating around the $83-$87 area, which is viewed as critical short-term support.

user avatarAisha Farooq

Robinhood Reports Fourth Quarter Revenue of $128 Billion

chest

Robinhood reported fourth quarter revenue of $128 billion, a 27% year-over-year increase, but net income fell 33% to $605 million, leading to a 6.5% drop in stock price.

user avatarTenzin Dorje

Robinhood Expands Prediction Markets Amid NFL Season

chest

Robinhood has expanded its prediction market offerings to allow customers to make parlay-like bets, capitalizing on the surge in gambling during the NFL postseason.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.