REPORT: Microsoft, NVIDIA and Apple could join OpenAI’s funding round

What you need to know

• Last month, reports emerged that OpenAI was on the verge of bankruptcy within the next twelve months and was facing losses of five billion dollars.
• A new report suggests that the maker of ChatGPT is in talks to raise funds to keep the company afloat, which could push the company's market cap above $100 billion.
• Microsoft, Apple and NVIDIA will reportedly participate in the ChatGPT maker's funding round, but it is unclear how much they will invest.

Last month, reports emerged suggesting that OpenAI is treading water and could be on the brink of bankruptcy within 12 months, with forecasts predicting losses of $5 billion. Despite discounted access to Microsoft's Azure services and revenue of around $3.5 billion, the ChatGPT maker may need another round of funding to stay afloat.

And now, according to a report from CNBC, OpenAI is in talks for funding that could boost its market valuation to over $100 billion. The company's valuation has risen significantly in recent years – from $29 billion in 2023 to $80 billion earlier this year.