Official announcements from Apple or OpenAI, major financial news outlets like Wall Street Journal or Bloomberg

Apple in Talks to Invest in OpenAI's Multi-Billion Dollar $100 Billion Valuation Round

Aug 29, 2024, 05:47 PM

Apple is reportedly in discussions to invest in OpenAI as part of a new multi-billion dollar fundraising round, according to sources cited by the Wall Street Journal. This investment would value the ChatGPT maker at over $100 billion. Thrive Capital is leading the funding round, with Microsoft also expected to participate. The move is seen as a strategic effort by Apple to strengthen its position in the artificial intelligence industry.