Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Nvidia Develops New Location-Verification Technology for AI Chips 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Apple and Nvidia are reportedly engaged in high-stakes discussions to back OpenAI, with both companies eyeing a significant role in the AI leader's next funding round, according to insider reports.
Apple and Nvidia Eye OpenAI Investment
On Thursday, media outlets reported that Apple and chip giant Nvidia were in discussions to invest in OpenAI as part of a new funding round. This investment may put the ChatGPT maker's valuation above $100 billion.
According to sources cited in the Wall Street Journal, Apple was the first to express interest, while Nvidia was rumored to be involved by Bloomberg News.
Thrive Capital's Billion-Dollar Investment
This announcement follows a report in the Journal the day before that said OpenAI will be leading a funding round with an investment of approximately $1 billion from venture capital company Thrive Capital.
Reuters reached out to Apple and OpenAI for comment, but neither company responded immediately. Thrive Capital, Nvidia, and Microsoft all chose not to comment.
OpenAI Integrated into Apple Devices
Because of the growing importance of OpenAI to Apple's AI plan, the iPhone maker integrated the chatbot ChatGPT from the AI business into Apple devices in June as part of "Apple Intelligence."
Moreover, Apple has reportedly become an observer on OpenAI's board of directors.
Microsoft to Participate in Funding
The Wall Street Journal states that OpenAI's biggest strategic investor, Microsoft, will reportedly take part in the investment round as well. Microsoft has invested over $10 billion in OpenAI.
No information has been released regarding the precise sums invested by Apple, Microsoft, and Nvidia.
After OpenAI's debut of ChatGPT in late 2022 started an AI arms race, corporations across industries invested billions in the technology to remain ahead of the competition and win market share. This led to OpenAI's high valuation.
Thrive Capital's so-called tender offer allegedly valued the Sam Altman-led firm at $80 billion in February after the company finalized a deal to sell existing shares.
