OpenAI is looking to secure new investments that could push its valuation beyond $100 billion. Among the potential backers are some of the biggest names in tech, including Microsoft, Apple, and Nvidia.
Microsoft's Continued Commitment, Apple Seeks Deeper Collaboration
Microsoft, which has a history of investing in OpenAI, is contemplating further financial involvement. Having invested $1 billion initially in 2019 and billions more since then, Microsoft now opts to vacate its observer seat on OpenAI's board to prioritize its internal AI projects like Copilot, developed by its team made of former Inflection AI employees.
Apple is in talks to participate in this funding effort, with aims to embed OpenAI's ChatGPT into its iOS, iPadOS, and macOS platforms. Cupertino already partners with OpenAI on its Apple Intelligence suite, which leverages parts of ChatGPT. However, the current deal apparently does not include cash from Apple.
OpenAI CEO Sam Altman has indicated a positive outlook on this collaboration, which could bring advanced AI functionalities to millions of Apple device users, thereby enhancing the overall user experience. Apple's growing closeness to OpenAI is somewhat ironic considering the company took a strong stance against ChatGPT, even banning the chatbot.
Nvidia's Strategic Investment
Nvidia, a key provider of hardware for OpenAI's AI models, is also considering an investment. Given that Nvidia's GPUs are crucial for training large-scale AI models like ChatGPT, the partnership could be beneficial for both parties. Increased demand for AI services could boost the need for Nvidia's high-performance GPUs, aligning their commercial interests with OpenAI's objectives.
As OpenAI moves forward with its new funding round, it has attracted interest from major technology firms such as Microsoft, Apple, and Nvidia. OpenAI is geared to further bolster its position in the AI sector, expanding its influence across various tech platforms.
In June, the company was valued at $80 billion, prompting employees to questions its equity policies. The company has committed to conducting annual tender offers, enabling employees to divest a portion of their equity holdings. Nevertheless, internal documents reveal that former employees now affiliated with competing companies are excluded from these offers. The restrictive policy has generated apprehension among shareholders, who express concern about the potential forfeiture of their equity.
