OpenAI needs capital. Its annualized revenue reportedly eclipsed $3.4 billion early this year, but it’s said to be on track to lose $5 billion by year end as it expands its AI training and staffing efforts.
OpenAI has ties to both companies. It runs and trains its generative AI models primarily on Nvidia GPUs; meanwhile Apple earlier this year agreed to integrate ChatGPT into iOS as part of Apple’s forthcoming suite of AI features, Apple Intelligence.