Apple in talks to join OpenAI funding round, WSJ reports

The news comes a day after the Journal reported that venture-capital firm Thrive Capital would invest around $1 billion in OpenAI, leading the funding round

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By Reuters

Published: Thu 29 Aug 2024, 10:22 PM

Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, Wall Street Journal reported on Thursday, citing people familiar with the matter.

The news comes a day after the Journal reported that venture-capital firm Thrive Capital would invest around $1 billion in OpenAI, leading the funding round.

OpenAI-backer Microsoft is also expected to invest in the firm, the report said.

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However, details on how much Apple or Microsoft will invest is yet to be learned, the report added.

Apple and OpenAI did not immediately respond to a Reuters request for comment.

Reuters

Published: Thu 29 Aug 2024, 10:22 PM

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