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'Apple In Talks To Join New OpenAI Funding Round; Following Partnership With The ChatGPT Maker On Apple Intelligence, Tech Giant Will Invest Alongside Microsoft And Thrive Capital' - WSJ

Author: Benzinga Newsdesk | August 29, 2024 01:45pm

https://www.wsj.com/tech/ai/openai-apple-funding-chatgpt-50754cd6?mod=latest_headlines

 

Apple is in talks to invest in OpenAI, a move that would cement ties to a partner integral to its efforts to gain ground in the artificial-intelligence race.

The investment would be part of a new OpenAI fundraising round that would value the ChatGPT maker above $100 billion, people familiar with the situation said. The Wall Street Journal reported Wednesday that venture-capital firm Thrive Capital is leading the round, which will total several billion dollars, and Apple rival Microsoft MSFT 1.80%increase; green up pointing triangle is also expected to participate.

Posted In: AAPL MSFT

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