Apple is reportedly in talks to invest in OpenAI, the company behind ChatGPT.. Photo:AFP
In Summary:
- Apple is reportedly in talks to invest in OpenAI, the company behind ChatGPT.
- OpenAI is seeking to raise funds at a potential $100 billion valuation.
According to a recent Wall Street Journal report, Apple, the tech giant known for iPhones, is considering an investment in OpenAI, the leading company in generative artificial intelligence and creator of ChatGPT.
This development comes as OpenAI seeks additional funding to support its costly technological advancements.
The AI company is reportedly aiming for a $100 billion valuation in its latest funding round, which is being spearheaded by Thrive Capital with a $1 billion investment.
This round of funding, if successful, would position OpenAI among the most valuable technology firms globally.
Microsoft, already a major investor in OpenAI, is also participating in this funding round.
The tech giant currently receives half of OpenAI’s profits in return for its substantial investment.
Apple’s potential entry into OpenAI’s investor pool is particularly noteworthy as the company prepares to unveil its latest iPhones on September 9, which are expected to showcase AI-driven innovations.
In June, Apple announced plans to integrate OpenAI’s technology as an option in high-end iPhone software, while also indicating that AI tools from other companies would be made available in the future.
While Apple intends to primarily use its proprietary AI technology for most features, it plans to offer OpenAI’s capabilities as an option for more complex tasks, should users choose to utilize them.
As of now, Apple has not responded to requests for comment on this potential investment.