In a strategic move that could reshape the landscape of artificial intelligence, Apple is reportedly in discussions to invest in OpenAI, the powerhouse behind ChatGPT. According to the Wall Street Journal, Apple is at the funding table as OpenAI seeks additional capital to fuel its cutting-edge technology developments.
OpenAI is aiming for a valuation of $100 billion in its latest funding round, which is being spearheaded by venture capital firm Thrive Capital with a substantial investment of one billion dollars. This infusion of funds comes as OpenAI grapples with the significant costs associated with advancing its AI innovations.
Microsoft remains a key player in this funding round, maintaining its position as OpenAI's largest investor and securing half of the startup's profits. The potential entry of Apple into OpenAI's ownership structure is particularly noteworthy as Apple gears up to unveil its new iPhones on September 9. These upcoming devices are expected to leverage AI advancements, potentially integrating OpenAI's technology to enhance user experiences.
Earlier in June, Apple announced the integration of OpenAI's technology into the software of its top-tier iPhones, while also indicating that AI tools from other companies would become available in the future. This collaboration underscores Apple's commitment to providing its users with advanced AI features, utilizing both its proprietary technology and the robust capabilities of OpenAI for more complex tasks.
As these developments unfold, the partnership between Apple and OpenAI could signify a major shift in how AI technologies are integrated into consumer electronics, paving the way for more intelligent and responsive devices in the market.
Reference(s):
cgtn.com
