Blog

Update:

Bloomberg now reports that Nvidia has discussed investing in Microsoft-backed OpenAI through a new funding round. This comes one hour after WSJ reported that Apple was also discussing investing in Sam Altman's chatbot startup. 

*    *    * 

Less than one day after the Wall Street Journal reported that venture capital firm Thrive Capital would invest at least a billion dollars in Microsoft-backed OpenAI at (or around) $100 billion valuation, new reports indicate that Apple is also in talks to invest in the chatbot startup. 

WSJ reports that the world's most valuable company, led by CEO Tim Cook, is expected to participate in the new funding round that values OpenAI at $100 billion. There was no clear indication of how much Apple plans to allocate for the investment.

In June, Apple partnered with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac. Bloomberg noted that the agreement involved "weaving ChatGPT, a digital assistant that responds in plain terms to information requests, into Apple's Siri and new writing tools." 

The potential investment comes as Apple gears up for its big iPhone 16 launch event in less than two weeks.

According to Wedbush analyst Dan Ives, the AI-enabled iPhone 16 will unleash Apple's biggest upgrade cycle in history. 

Apple's potential investment in OpenAI serves as a reminder about big tech's move to dominate the generative AI space. So far, Microsoft has come ahead with its early investment in Sam Altman's chatbot startup.