A report on Thursday claimed that Apple was in talks to invest in OpenAI, the company behind ChatGPT and the leading name in generative artificial intelligence.
Steve Jobs’s company is on the funding table as OpenAI continues to raise capital to help cover the high expenses associated with developing new technology.
According to reports, Thrive Capital, a venture capital firm, is leading a funding round for OpenAI that is expected to see a billion dollars invested, and the company is reportedly in talks to reach a $100 billion valuation.
News sources for months have stated that OpenAI is in talks to raise the necessary funds to become one of the world’s most valuable tech businesses.
The fresh fundraising round includes Microsoft, the startup’s largest investor and recipient of half of its income as well.
Assuming confirmation, Apple’s acquisition of OpenAI would coincide with the company’s September 9 announcement of its upcoming iPhones, which are anticipated to leverage AI advancements.
Although it added that third-party AI tools would also be made available eventually, Apple stated in June that it was integrating OpenAI’s technology as an option into the software for its flagship iPhone models.
If a client chooses to use OpenAI’s capabilities for more complex tasks, the majority of AI features used by Apple consumers will rely on the company’s own technology.
An AFP request for comment was not answered by Apple.
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