The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

NVIDIA Eyeing US$100 Million Investment in OpenAI’s US$100 Billion Funding Round

by admin September 3, 2024
September 3, 2024
NVIDIA Eyeing US$100 Million Investment in OpenAI’s US$100 Billion Funding Round

Leading chipmaker NVIDIA (NASDAQ:NVDA) is reportedly one of several tech giants considering a significant investment in OpenAI’s latest funding round, Bloomberg said on Thursday (August 29).

The funding round, led by Thrive Capital, is expected to value the artificial intelligence (AI) startup at over US$100 billion. NVIDIA is said to be eyeing a US$100 million stake in OpenAI as companies race to get exposure to the AI sector.

Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) are also believed to be interested in the capital raising. Microsoft, currently OpenAI’s largest backer, has invested about US$13 billion in the company to date.

The companies haven’t confirmed their involvement yet, but if a deal materializes it would mark a major collaboration between three of the most valuable companies in the tech industry and one of the most prominent AI firms.

Thrive Capital will also reportedly contribute about US$1 billion to this funding round, which comes as OpenAI aims to upscale its operations as a direct response to growing global demand for AI technologies.

OpenAI’s flagship product, ChatGPT, has been at the forefront of the AI revolution, transforming interactions with technology and sparking a competitive race among tech companies to integrate AI across their products.

Crucially, NVIDIA’s interest in OpenAI is aligned with its broader strategy of dominating the AI hardware market.

The company’s GPUs, which are critical for developing and running generative AI models, have seen soaring demand as AI-powered technologies continue to expand. On Wednesday (August 28), NVIDIA reported strong quarterly results, revealing that its revenue more than doubled to reach US$30.04 billion for the period.

NVIDIA briefly became the company’s most valuable company this past June, leapfrogging past Microsoft and Apple as it was propelled by the growing market for AI chips. An investment in OpenAI would further entrench NVIDIA as a key player in the AI sector, reinforcing its position at the center of AI development.

Apple’s involvement in this funding round leans more toward enhancement of its current AI capabilities.

The company has been integrating AI more deeply into its ecosystem, with new features being rolled out under the banner of Apple Intelligence. Bloomberg said in early July that Apple’s Phil Schiller was slated to take a board observer seat at OpenAI, allowing him to attend meetings, but this plan was reportedly abandoned later that month.

Microsoft’s deep ties with OpenAI position it as a central player in this latest funding round. The company has closely integrated OpenAI’s technology into products such as its Windows operating system and its Copilot AI platform.

However, Microsoft’s relationship with OpenAI has also attracted regulatory scrutiny, particularly in the EU and the US, where there are concerns about the concentration of power within a few large tech companies in the AI space.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Prismo Metals Acquires Data and Updates Model for Hot Breccia Copper Project in Arizona
next post
Sigma Lithium to Double Grota do Cirilo Output Capacity with Brazilian Bank Loan

Related Posts

Flynn Gold

January 9, 2024

Excellent Metallurgical Results at Hotinvaara Enhance Entire Pulju...

October 23, 2024

A$3M Placement to Advance High-Impact Workplan for Peru

January 23, 2025

CrowdStrike Shares Drop After System Update Causes Global...

July 20, 2024

WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH...

April 16, 2025

5 Top Weekly TSXV Stocks: Tuktu Resources Rises...

August 5, 2024

8 Surgical Robotics Stocks (Updated 2024)

September 26, 2024

iMetal Resources Commences Phase 2 Graphite Drilling at...

January 12, 2024

5 Best-performing Junior Copper Stocks on the TSXV...

October 25, 2024

Top 5 Canadian Mining Stocks This Week: Adyton...

May 31, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,550)
    • Investing (4,198)
    • Politics (5,576)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved