Apple and Nvidia in talks to invest in OpenAI

Apple and the chipmaker Nvidia are in talks to invest in OpenAI as part of a new deal that would value the San Francisco artificial intelligence start-up at $100 billion, according to three people familiar with the discussions, who spoke on the condition of anonymity.

The deal would be led by Thrive Capital and might also include Microsoft. Thrive would put about $1 billion into OpenAI, the people said.

A $100 billion valuation would be about a $20 billion increase from OpenAI's valuation eight months ago. Nvidia and Apple declined to comment.

It's perhaps not too surprising that Apple and Nvidia might end up investing in OpenAI. Apple is set to integrate ChatGPT with Siri later this year, and it reportedly planned to have Phil Schiller join OpenAI's board before apparently abandoning that plan. And Nvidia is a key supplier to OpenAI, which relies on Nvidia’s chips to help power its AI services.

OpenAI started the A.I. boom with the release of the online chatbot ChatGPT in late 2022. In the months that followed, investors pumped tens of billions of dollars into the start-up and other companies that were developing similar technologies.

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