Apple eyes major investment in OpenAI to dominate AI future

📆 30-08-24 04:57:00
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Apple is reportedly among investors participating in significant funding round for OpenAI, the world's leading artificial intelligence research organisation.

The entry of Apple into OpenAI's ownership, if confirmed, would come as the company is set to announce its new iPhones on September 9 that are expected to optimise AI innovations. / Photo: AFP

Reports said that OpenAI is in talks to reach a valuation of $100 billion in the funding round led by venture capital firm Thrive Capital, which will pump in one billion dollars. Microsoft, which is OpenAI’s biggest investor and takes home half of the startup's profits, is also part of the new funding round.

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