Apple and Nvidia are reportedly in discussions to invest in OpenAI as part of a new fundraising round that could value the ChatGPT creator at over $100 billion. Thrive Capital is leading the round, with Microsoft also expected to participate. Microsoft, a key strategic partner, has already invested $13 billion in OpenAI since 2019, holding a 49% share in the AI startup’s profits. Apple recently named OpenAI as its first official partner for Apple Intelligence, aiming to integrate AI features across its ecosystem. Nvidia, a leader in AI chip technology, continues to strengthen its ties with OpenAI, powering some of the most advanced AI models in the world.
September or October has historically been a profitable strategy, with the potential for a year-end rally.
While September can be a tough ride, staying informed and strategically positioned can make all the difference.