Nvidia, Apple in talks to join OpenAI’s new funding round valuing it at over US$1 billion

Quick Summary:

Nvidia has discussed investing about US$100 million, while Apple and Microsoft are also mulling participation, sources say.

The company also was slated to take a board observer seat at OpenAI – alongside Microsoft – but those plans were dropped in July.

The runaway success of ChatGPT also has kicked off an arms race among tech companies, which are integrating AI technology across their products and funding other promising start-ups.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong Kong

Topics: Openai Chatgpt Openai’s Biggest Maker Billion People Microsoft Nvidia Funding Apple

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 10:00:44 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22302880

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