With help from Apple and Nvidia, OpenAI, the AI company behind ChatGPT, is about to start a big funding round. This funding could make OpenAI worth more than $100 billion, which shows how popular artificial intelligence technology is becoming.
Already a partner, Thrive Capital is leading the funding round with a $1 billion investment. Microsoft, which has already put $13 billion into OpenAI and has a 49% share in the company, is also likely to take part. The exact amounts that Apple and Nvidia will give have not been made public yet.
OpenAI just recently said that ChatGPT’s regular users have doubled in the last year and now number more than 200 million. Even with this success, the company’s yearly income of about $3.4 billion as of May 2024 has not yet met some expectations.
Apple’s possible funding is interesting because the company doesn’t usually put money into new businesses. This move fits with its plan to stay competitive in the AI area, especially since it keeps adding AI features to its goods. Apple has already teamed up with OpenAI to improve features like Siri by adding ChatGPT to future iOS updates.
The fact that Nvidia’s GPUs run OpenAI’s AI models makes their participation in this action also important. The company’s funding could make it easier for the two companies to work together and have an effect on how AI tech is developed in the future.
Overall, the fact that these big tech companies are involved shows how much competition and cooperation there is in the AI field. Getting support from such well-known backers would be a big deal for OpenAI’s technology and long-term goals.
