Apple, Nvidia Target AI Leader OpenAI for Potential Investment

Published Date: 31/08/2024

Apple and Nvidia are reportedly in talks to invest in OpenAI, a leading artificial intelligence company that has already partnered with Apple on its Apple Intelligence initiative.

Apple and Nvidia are reportedly in talks to invest in OpenAI, a leading artificial intelligence company that has already partnered with Apple on its Apple Intelligence initiative.According to reports by The Wall Street Journal and Bloomberg, both tech giants are considering separate investments in OpenAI, which became the first official partner for Apple Intelligence in June. Nvidia supplies chips and other infrastructure for AI tools like those developed by OpenAI.

The funding round is being led by venture capital firm Thrive Capital and is expected to include participation from Apple rival Microsoft, which has invested $13 billion in OpenAI since 2019. An Apple investment in OpenAI would ensure its continued access to the company's artificial intelligence technology but could complicate its partnerships with other AI companies.The move would also mark a change from Apple's tradition of not investing in startups. Typically, the company invests in manufacturing companies to secure access to the components they make for Apple devices.

FAQS:

Q: What is OpenAI?

A: OpenAI is a leading artificial intelligence company that was founded in 2015. The company has developed several AI models, including GPT-4o, which is expected to be integrated into Apple's iOS, macOS, and iPadOS later this year.

Q: Why is Apple considering an investment in OpenAI?

A: An Apple investment in OpenAI would ensure its continued access to the company's artificial intelligence technology and could improve Siri's natural language processing capabilities.

Q: What is Nvidia's role in the AI industry?

A: Nvidia is a leading technology company that specializes in designing and manufacturing graphics processing units (GPUs) and high-performance computing hardware. The company is a major player in the field of artificial intelligence and has partnered with several companies, including OpenAI, to develop AI tools and applications.

Q: How much is OpenAI aiming to raise in its new funding round?

A: OpenAI aims to raise 'several billion dollars' in the new funding round, which comes after the company was most recently valued at $86 billion when employees sold shares in late 2023.

Q: What is Apple Intelligence?

A: Apple Intelligence is a new suite of AI features that will be added to the iPhone, Mac, and iPad experience. The initiative was announced in June, when Apple unveiled its partnership with OpenAI.

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