Nvidia (NVDA) Has Held Discussions About Joining OpenAI’s Funding Round
Aug 30, 2024 - news.bensbites.com
Nvidia Corp., the world's largest chipmaker, is considering joining a funding round for artificial intelligence startup OpenAI, potentially valuing the company at over $100 billion. Other tech giants, Apple Inc. and Microsoft Corp., are also reportedly in talks about participating in the financing round, which is expected to be led by Thrive Capital with an investment of about $1 billion.
The sources, who wished to remain anonymous due to the private nature of the discussions, revealed that Nvidia has discussed investing approximately $100 million. The exact details of the potential investments and the final valuation of OpenAI remain undisclosed.
Key takeaways:
Nvidia Corp., the world's largest chipmaker, is considering joining a funding round for OpenAI, potentially valuing the AI startup at over $100 billion.
Apple Inc. and Microsoft Corp. are also reportedly in talks about participating in the financing.
The funding round would be led by Thrive Capital, which is investing about $1 billion.
Nvidia has discussed investing about $100 million in OpenAI.
