07:59 AM EDT, 08/30/2024 (MT Newswires) -- (Update with company comment in third paragraph)

Nvidia ( NVDA ) is considering participating in a funding round for OpenAI and has discussed investing about $100 million in the artificial intelligence startup, Bloomberg reported Friday, citing people familiar with the matter.

The report said this latest funding round would value OpenAI at over $100 billion, with Apple ( AAPL ) and Microsoft ( MSFT ) also in discussions to potentially join. Microsoft ( MSFT ) has already invested about $13 billion in the startup.

Representatives from OpenAI did not immediately respond to MT Newswires' request for comment, while Nvidia ( NVDA ) declined to 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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