# Apple Eyes Investment in OpenAI as AI Race Heats Up 🚀

**URL:** <https://onehack.st/t/apple-eyes-investment-in-openai-as-ai-race-heats-up/290194>\
**Category:** News & Articles\
**Tags:** ai\
**Created:** [August 29, 2024, 6:50pm UTC](https://onehack.st/t/apple-eyes-investment-in-openai-as-ai-race-heats-up/290194 "2024-08-29T18:50:16Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [August 29, 2024, 6:50pm UTC](https://onehack.st/t/apple-eyes-investment-in-openai-as-ai-race-heats-up/290194/1 "2024-08-29T18:50:17Z")

</div>

**Summary:**

* * *

1. **Apple’s Potential Stake**  
Apple is negotiating to invest in OpenAI, aiming to strengthen its position in the artificial intelligence sector. The investment could value OpenAI at over $100 billion.

2. **Funding Round Details**  
The new fundraising round led by Thrive Capital will involve several billion dollars, with Microsoft also expected to contribute. Microsoft has been a major investor in OpenAI, holding a 49% share of its profits.

3. **Strategic Partnership**  
This move follows Apple’s June announcement of OpenAI as a key partner for integrating AI features into its systems, including updates to Siri and new AI-driven tools.

**Read more at:** [WSJ](https://wsj.com)