Tech giants such as Apple, Nvidia and Microsoft are investing in OpenAI’s upcoming funding round, which could raise its valuation to over $100 billion.
Apple and chipmaker Nvidia are reportedly among the investors interested in backing OpenAI upcoming funding round, which could value the artificial intelligence company at over $100 billion.
According to Aug. 29 reports from Bloomberg and The Wall Street Journal, citing sources familiar with the matter, both companies are planning to invest in the AI startup.
Apple’s move would be unusual for the company, which typically does not invest in startups. The investment, however, would align with its strategy to keep up with the AI race amid growing competition from tech giants and emerging startups.
