NVIDIA, Apple Blow OpenAIs Bubble [Video]

NVIDIA is reportedly in discussions to join a funding round for OpenAI that could value the AI startup at more than $100 billion, according to the Wall Street Journal. In May 2024, OpenAI was valued at approximately $86 billion.

This news comes on the heels of NVIDIA’s impressive July quarter results, where revenues surpassed $30 billion—a 122% increase from the previous year. 

Besides NVIDIA, Apple and Microsoft are also considering participating in the financing. Thrive Capital is reportedly leading the round with a $1 billion investment, while NVIDIA is evaluating a potential contribution of around $100 million, added the report. Notably, Microsoft has invested $13 billion in OpenAI overall.

While OpenAI is dependent on the NVIDIA GPUs to train its upcoming frontier model, Apple recently partnered with the company, integrating ChatGPT into Siri. 

On Thursday, it was reported that ChatGPT has surpassed 200 million weekly active users, doubling its count from the previous …