Sarah Friar

OpenAI valuation to reach US$150 billion in new fundraising round involving Nvidia, Apple

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OpenAI valuation to reach US0 billion in new fundraising round involving Nvidia, Apple

OpenAI is in talks to raise US$6.5 billion from investors at a valuation of US$150 billion, according to people familiar with the situation. The new valuation, a figure that does not include the money being raised, is significantly higher than the US$86 billion valuation from the company’s tender offer earlier this year, and cements its … Read more

Nvidia, Apple in talks to join OpenAI’s new funding round valuing it at over US$1 billion

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Nvidia, Apple in talks to join OpenAI’s new funding round valuing it at over US billion

Nvidia, the world’s biggest chip maker, has discussed joining a funding round for OpenAI that would value the artificial intelligence (AI) start-up at more than US$100 billion, according to people familiar with the matter. Apple and Microsoft also have been in talks about taking part in the financing, said the people, who asked not to … Read more