Published 23:47 IST, August 29th 2024
Apple in talks to join OpenAI funding round: Report
OpenAI-backer Microsoft is also expected to invest in the firm, the report said.
Apple, OpenAI Collaboration | Image:
Shuitterstock
Apple eyes OpenAI stake: Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, Wall Street Journal reported on Thursday, citing people familiar with the matter.
The news comes a day after the Journal reported that venture-capital firm Thrive Capital would invest around $1 billion in OpenAI, leading the funding round.
OpenAI-backer Microsoft is also expected to invest in the firm, the report said.
However, details on how much Apple or Microsoft will invest is yet to be learned, the report added.
Apple and OpenAI did not immediately respond to a Reuters request for comment.
Updated 23:47 IST, August 29th 2024