Apple Prepares Million-Dollar Investment in OpenAI

Alliance between Apple And OpenAI may go beyond ChatGPT’s integration into Siri, according to a new report from Wall Street JournalCupertino residents are in talks with an artificial intelligence startup to join as investors in the next round of funding.

A few hours ago, the same media outlet reported that OpenAI had begun work on raising capital and getting new money. Despite the fact that the company is the undisputed leader in the generative artificial intelligence segment, the company’s expenses are so high that analysts believe that it could go bankrupt in less than a year.

It was explained that the new funding round would push OpenAI’s valuation above $100 billion. And while no specific amounts were mentioned, Apple to Join Microsoft and Thrive Capital as one of the main sources of money. In addition, Bloomberg indicates that NVIDIA is also involved in the negotiations.

As previously reported, Thrive Capital will lead OpenAI’s new funding round, with about $1 billion in funding. Microsoft has already committed about $13 billion to Sam Altman’s people over the past two years. As for Apple, WSJ mentions that The possible amount of the payment has not yet been disclosed.Despite this, it is logical to think that this is a fairly large number.

While investing in OpenAI is presented as an unusual move within Apple’s business strategy, it’s not the first time Tim Cook’s team has done something similar. In 2016, members of the block invested $1 billion in DidiChinese Uber. Although in 2017 it contributed the same amount to Softbank Vision Foundationa technology investment fund created by the Japanese giant.

Apple in talks to join OpenAI as an investor

Apple May Join as Investor in OpenAI’s Next Funding Round not so surprising. The two companies have formed one of the most talked about alliances of the year after announcing the integration of ChatGPT into Siri as part of improvements coming to iOS, iPadOS and macOS from Apple Intelligence.

A curious feature of the agreement between the parties was that Apple did not pay OpenAI a cent to include the chatbot in its devices, and vice versa. Both firms would have realized that despite the lack of economic exchange between the parties, they formed an unprecedented strategic duo.

The investment in the creators of ChatGPT will also allow Tim Cook employees to establish closer relationships with them. Recall that after signing an agreement to include its technology in Siri, Apple to Join OpenAI Board as ObserverThe non-voting seat was originally intended to go to Phil Schiller, head of the App Store, though it was ultimately decided not to fill it due to growing scrutiny from US and European Union regulators over the interference and control of big tech companies over AI startups.

Let’s see if what was reported happened. Wall Street Journal confirmed. If so, OpenAI will guarantee the economic growth of the company with the highest market valuation in the world. Let’s keep in mind that Apple today enjoys market capitalization which rounds off 3.5 trillion dollars.