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Apple and Nvidia in Talks to Invest in OpenAI
Led by the investment firm Thrive Capital, the new deal would value the artificial intelligence start-up at over $100 billion.
Cade MetzMichael J. de la Merced and Tripp Mickle
Cade Metz and Tripp Mickle reported from San Francisco, and Michael J. de la Merced from London.
Apple and the chipmaker Nvidia are in talks to invest in OpenAI as part of a new deal that would value the San Francisco artificial intelligence start-up at $100 billion, according to three people familiar with the discussions, who spoke on the condition of anonymity.
The deal would be led by Thrive Capital and might also include Microsoft. Thrive would put about $1 billion into OpenAI, the people said.
A $100 billion valuation would be about a $20 billion increase from OpenAI’s valuation eight months ago.
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Cade Metz writes about artificial intelligence, driverless cars, robotics, virtual reality and other emerging areas of technology. More about Cade Metz
Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced
Tripp Mickle reports on Apple and Silicon Valley for The Times and is based in San Francisco. His focus on Apple includes product launches, manufacturing issues and political challenges. He also writes about trends across the tech industry, including layoffs, generative A.I. and robot taxis. More about Tripp Mickle
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News and Analysis
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