Apple and Nvidia may become investors in OpenAI

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by Giorgi Kostiuk

2 years ago

Made with AI

  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.

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