November 21, 2024
Apple in Talks to Invest in OpenAI [Report]

Apple in Talks to Invest in OpenAI [Report]

Posted August 29, 2024 at 6:30pm by iClarified
Apple is in talks to invest in OpenAI, the company behind the popular ChatGPT chatbot and virtual assistant, according to a new report from the WSJ. Apple has already partnered with OpenAI to bring ChatGPT-powered features to its upcoming iOS 18, iPadOS 18, and macOS 15 operating systems.

The investment would be part of a new OpenAI fundraising round that would value the ChatGPT maker above $100 billion, people familiar with the situation said. The Wall Street Journal reported Wednesday that venture-capital firm Thrive Capital is leading the round, which will total several billion dollars, and Apple rival Microsoft is also expected to participate.

The WSJ wasn't able to ascertain how much Apple or Microsoft are planning to invest into OpenAI; however, Microsoft already owns a 49% share of the company's profits, following an investment of $13 billion since 2019.


According to reports from earlier this year, Apple held partnership discussions with Google and Meta, as well as smaller rivals like Anthropic and Perplexity. Ultimately, it decided to launch Apple Intelligence with OpenAI as a partner; however, rumors suggest that Apple could potentially add support for additional AI engines in the future. Investing in OpenAI could complicate these efforts.

Notably, there were reports that Apple would gain an observer role on OpenAI's board as part of its partnership agreement; however, it purportedly gave up that seat amid increased regulatory scrutiny.

You can learn more about the OpenAI and Apple Intelligence features coming to iOS 18 here:
Apple Debuts 'Apple Intelligence' AI Features for iPhone, iPad, and Mac

Please download the iClarified app or follow iClarified on Twitter, Facebook, YouTube, and RSS for more Apple AI updates.



Apple in Talks to Invest in OpenAI [Report]
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Comments (5)
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LeoNyx86
LeoNyx86 - August 29, 2024 at 7:39pm
AI’s weakness is the lack of documentation of its information sources. Like for every response there should be documentation expanding and explaining and review of the literature and quotations and citations and references. Like every word, phrase, sentence, paragraph and document should be researched or researchable and have documentation to link the necessary articles and analysis. Like it should be a feature of human text too, like a Supported and Documented Check. Similar to spell check but it checks everything you write and flags the unsupported and undocumented utterances.
brad@schwie.com
brad@schwie.com - August 30, 2024 at 8:56pm
You would like Perplexity, I wish Apple had partnered with them.
Todd_Harry
Todd_Harry - August 31, 2024 at 9:49am
Why ?
1
Brit.Brat
Brit.Brat - August 31, 2024 at 4:33pm
Heard of Grok? For every response, there is an article etc to support it.
brad@schwie.com
brad@schwie.com - August 31, 2024 at 5:23pm
Perplexity cites sources.
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