Why Nvidia, Apple and OpenAI need to strike a big deal
Microsoft has long been a major investor in the ChatGPT maker, now the two biggest companies in the world look like jumping on board, and OpenAI needs them.
News overnight that the two biggest companies in the world, Apple and Nvidia, are expected to join a funding round for ChatGPT maker OpenAI is eye-opening. It raises several questions about the future of the industry (and billions of dollars in market value).
The investment is reportedly going to total more than $US1 billion ($1.47 billion), and form an unlikely cap table alliance between former arch enemies Microsoft and Apple, but here’s why we think each company needs it to happen.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
