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OpenAI’s next big investors could be Apple and Nvidia
Friday August 30, 2024. 09:56 PM , from Mac Daily News
Kyle Wiggers for TechCrunch: OpenAI needs capital. Its annualized revenue reportedly eclipsed $3.4 billion early this year, but it’s said to be on track to lose $5 billion by year end as it expands its AI training and staffing efforts. OpenAI has ties to both companies. It runs and trains its generative AI models primarily on Nvidia GPUs; meanwhile Apple earlier this year agreed to integrate ChatGPT into iOS as part of Apple’s forthcoming suite of AI features, Apple Intelligence. MacDailyNews Take: It makes sense for Apple to get more involved in OpenAI, especially as its ChatGPT is a tentpole of Apple Intelligence. In July, both Apple and Microsoft dropped potential OpenAI board seats amid antitrust scrutiny, so backing the AI firm is the next best thing to having a seat at the table. We are currently about 1/8th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your friends about MacDailyNews on Substack (https://macdailynews.substack.com) and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! – MacDailyNews Read on Substack Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post OpenAI’s next big investors could be Apple and Nvidia appeared first on MacDailyNews.
https://macdailynews.com/2024/08/30/openais-next-big-investors-could-be-apple-and-nvidia/
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