05:11 AM EDT, 09/16/2024 (MT Newswires) -- Microsoft ( MSFT ) -back OpenAI is drawing interest from new investors Nvidia ( NVDA ) and Apple ( AAPL ) in a $6.5 billion round of financing that aims to value the generative artificial intelligence firm at $150 billion, Reuters reported Friday, citing unnamed sources with direct knowledge of the matter.

Sequoia Capital is also in discussions to come back as a returning investor, according to the report.

Reuters said the latest financing is expected to come in convertible notes and the funding will hinge on whether the company removes lingering non-profit features of its corporate structure, including the removal of a profit cap.

OpenAI did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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