Highlights:

  • The ChatGPT developer has received USD 13 billion in funding to date from the massive software and cloud computing company, the majority of which has come in the form of cloud infrastructure.
  • According to the iPhone maker, Apple Intelligence, an anticipated suite of artificial intelligence services for its devices, will be powered by ChatGPT.

Tech giants Apple and Nvidia may join OpenAI’s funding round.

Reports citing people with knowledge of the situation revealed that Nvidia Corp. and Apple Inc. might participate in the transaction. At a potential valuation of over USD 100 billion, OpenAI is anticipated to raise several billion dollars. Its reported value in February was USD 80 billion, which is now higher.

Media outlets say Thrive Capital will lead the round with a USD one billion donation. The biggest investor in OpenAI, Microsoft Corp., may increase its position as well. The ChatGPT developer has received USD 13 billion in funding to date from the massive software and cloud computing company, the majority of which has come in the form of cloud infrastructure.

It was reported a few months after the businesses signed a high-profile product relationship that Apple might invest in OpenAI. Apple Intelligence, an anticipated suite of artificial intelligence services for its devices, will be powered by ChatGPT, according to the maker of the iPhone. It is expected that the functions will unfold later this year.

The update will enable Siri to route complex user requests that it is unable to handle correctly to an OpenAI model. Furthermore, ChatGPT will be incorporated into Apple Intelligence’s Writing Tools, one of the upcoming AI functions. Users will be able to summarize, rewrite, and proofread the content they type into iOS apps using this feature.

Nvidia already owns several of the leading competitors of the ChatGPT developer. A renowned media house revealed at the beginning of June that the chipmaker supported a USD 450 million fundraising round for Cohere Inc., a company that creates large language models with an enterprise focus. A few days later, Nvidia invested USD 645 million in Mistral AI SAS, a competitor LLM provider, as a part of a fundraising round.

A language model that Mistral and Nvidia co-developed and optimized for the latter company’s CPUs was released shortly after the investment. Since then, they’ve released several scaled-down models that use less hardware. It is simpler to implement AI applications on Nvidia’s graphics cards since the neural networks are available in the NIM container format.

The ability to install critical software on-premises is frequently necessary for large companies. In case OpenAI chooses to offer its LLM users that choice, a technical collaboration with Nvidia, such as the one that Mistral AI described during its most recent fundraising round, could be advantageous. Nvidia might assist in optimizing the ChatGPT developer’s models for on-premises AI clusters powered by its graphics cards by utilizing technologies like the NIM container format.

According to recent updates, OpenAI may eventually try to lessen its dependency on the chipmaker’s products. According to reports, last month, the business discussed creating a unique machine learning accelerator with semiconductor suppliers, including Broadcom Inc. It’s unclear if OpenAI is developing the processor only for internal use or if it plans to offer it to other businesses as well.