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nvidia is reportedly discussing participating in openai's new round of financing, and apple and microsoft are also expected to invest

2024-08-30

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on august 30, according to people familiar with the matter, the world's largest chip manufacturernvidiaworking withaistartupsOpenAIdiscussing a new round of financing. it is reported that this round of financing will make openai's valuation exceed us$100 billion.

people familiar with the matter said that apple andmicrosoftthrive capital is also in talks to invest about $100 million in openai, according to two people familiar with the matter.

if the talks go ahead, it would mean that the world's three most valuable technology companies would jointly support openai, which has attracted much attention for developing the popular chatbot chatgpt. microsoft is already openai's largest investor, having invested about $13 billion so far.

representatives for nvidia, apple, microsoft, openai and thrive declined to comment.

as big tech companies’ influence over artificial intelligence grows, regulators in the european union and the united states have expressed concerns about nvidia’s dominance in ai chips and microsoft’s close relationship with openai, which has tightly integrated openai’s services into windows and its copilot ai platform, hoping those features will drive business growth.

apple also has a partnership with openai, planning to integrate chatgpt into its new suite of ai capabilities, apple intelligence. the company had planned to take an observer seat on openai’s board along with microsoft, but abandoned that plan in july.

nvidia provides key infrastructure for developing and running ai tools such as chatgpt. it is the world's largest manufacturer of ai accelerators, and its product sales have soared over the past two years.

in nvidia's latest earnings report released on wednesday, the company's revenue more than doubled to $30 billion. nvidia expects third-quarter revenue to even exceed analysts' average expectations. however, the company's stock price still fell because investors have become accustomed to nvidia's strong performance.

openai chief financial officer sarah friar told employees in a memo on wednesday that the company is seeking new funding, but did not provide specific details, according to people familiar with the matter. openai has reportedly been discussing raising funds at a valuation of $100 billion or more since at least december last year.

the financing will provide strong support for openai. the huge success of chatgpt has triggered fierce competition among technology companies, with major companies competing to integrate artificial intelligence technology into their own products and provide funding for other promising startups.

according to people familiar with the matter, fryer mentioned in the memo that openai will use the funds to acquire more computing power and fund other operating expenses.