Apple in talks to invest in OpenAI as ChatGPT comes to iOS 18
Apple is discussing an investment in OpenAI, valued over $100 billion, while planning to integrate ChatGPT into iOS 18 to enhance Siri, focusing on mutual exposure rather than cash transactions.
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Apple is reportedly in discussions to invest in OpenAI as part of a new funding round that values the AI company at over $100 billion. This investment would align Apple with OpenAI, which is crucial for its ambitions in artificial intelligence. The Wall Street Journal indicates that the specifics of the investment amounts from Apple and Microsoft, which is already a significant investor in OpenAI, remain unclear. Microsoft holds a 49% share of OpenAI's profits after investing $13 billion since 2019. OpenAI is looking to raise several billion dollars in this funding round, with venture capital firm Thrive Capital expected to lead the effort with a $1 billion investment. Additionally, Apple plans to integrate ChatGPT into iOS 18, allowing it to assist Siri with knowledge requests. This partnership is not a financial transaction; instead, Apple believes the exposure from the integration is of equal or greater value than cash. Apple may also incorporate other AI models into iOS 18, with a focus on starting with ChatGPT due to its leading capabilities.
- Apple is in talks to invest in OpenAI, which is valued at over $100 billion.
- Microsoft is a major investor in OpenAI, holding a 49% share of its profits.
- OpenAI is seeking to raise several billion dollars in its latest funding round.
- ChatGPT will be integrated into iOS 18 to enhance Siri's capabilities.
- The partnership between Apple and OpenAI is based on mutual exposure rather than direct financial transactions.
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