Official announcements from Apple or OpenAI

OpenAI Nears $100 Billion Valuation with Thrive, Apple, Nvidia in New Funding Round

Aug 29, 2024, 05:45 PM

OpenAI is in discussions to secure a new funding round that could value the company at over $100 billion. Thrive Capital is leading the investment with a commitment of approximately $1 billion. Microsoft, a significant existing investor, is also expected to participate in this round. This valuation marks a substantial increase from OpenAI's previous valuation of $86 billion late last year. Additionally, Apple and Nvidia are reportedly in talks to join the funding round, highlighting the growing interest and investment in artificial intelligence. The funds raised will likely support OpenAI's expansion and development of AI technologies, including its well-known product, ChatGPT, whose usage has reportedly doubled since last year.