Apple Inc AAPL is looking to further cement its place in the artificial intelligence space through an investment in OpenAI.
What To Know: Apple is in talks to take a stake in Sam Altman’s OpenAI, the company behind the popular ChatGPT AI chatbot, according to a new report from the Wall Street Journal.
The investment would be part of a new fundraising round that would value the AI company at more than $100 billion.
The news comes a day after the Wall Street Journal reported that venture capital firm Thrive Capital was leading a new round of funding for OpenAI and would invest at least $1 billion.
Bloomberg also reported Thursday afternoon that NVIDIA Corp NVDA is among the companies in discussions to take part in OpenAI’s latest funding round.
Don’t Miss: OpenAI On Cusp Of Raising Billions In New Venture Capital Round, Valuation Spikes To $100B: Report
People familiar with the matter reportedly said Microsoft Corp MSFT is also expected to put new money into OpenAI.
It’s not clear how much Apple, Microsoft or Nvidia plan to invest in the latest fundraising round. Microsoft has been the main backer of OpenAI to date, having invested $13 billion in the company over the past five years.
Apple will hold its iPhone 16 launch event on Sept. 9. The company is expected to unveil new AI features as it leans into Apple Intelligence, which was introduced at WWDC 24 earlier this year.
AAPL Price Action: Apple shares were up 2.1% at $231.20 at the time of publication, according to Benzinga Pro.
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