Nvidia and Apple are reportedly in talks to invest in OpenAI's next funding round, which could value the ChatGPT maker at $100 billion.
If the deal goes through, it would be led by Thrive Capital, a previous OpenAI investor, according to sources at The New York Times. (Bloomberg first reported Nvidia's involvement, and The Wall Street Journal reported Apple's potential interest.) Microsoft, which already owns 49% of OpenAI, could also get involved.
OpenAI needs money: The company's annual revenue reportedly exceeded $3.4 billion earlier this year, but it is said to be on track to lose $5 billion by the end of the year as it scales up its AI training and staffing efforts.
OpenAI has ties to both companies: it primarily runs and trains generative AI models on Nvidia GPUs, while Apple agreed earlier this year to integrate ChatGPT into iOS as part of Apple Intelligence, Apple's upcoming suite of AI features.