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Apple is in talks to invest in OpenAI, boosting funding in the company following its partnership with the ChatGPT maker on Apple Intelligence. The leading tech giant would join a multibillion-dollar funding round alongside Microsoft and Thrive Capital, according to the Wall Street Journal. JUST IN: Apple is in talks to invest in OpenAI, WSJ reports. pic.twitter.com/CvtJztaCIQ — Watcher.Guru (@WatcherGuru) August 29, 2024 The report did not indicate how much money Apple would be investing in OpenAI. Nor did it provide any additional details about the discussions. However, this latest fundraising round would value the ChatGPT maker above $100 billion, according to the WSJ. The Wall Street Journal reported that venture capital firm Thrive Capital is leading the round of investments. Apple Expands Partnership with OpenAI with Multi-million Investment Apple previously announced that ChatGPT integration is coming to Siri on iOS 18, iPadOS 18, and macOS Sequoia before the end of the yea...

Blockchain.com’s latest funding reportedly leaves its valuation at less than half of its $14 billion back in 2022. Blockchain.com, the company behind a cryptocurrency wallet and an exchange, has raised $110 in a Series E funding round led by British investment firm Kingsway Capital. According to Bloomberg’s sources, the company’s latest funding left its valuation at less than “half of prior $14 billion” as the firm struggles to survive after it lent $270 million to the now defunct Three Arrows Capital (3AC) hedge fund. In addition to Kingsway, the London-headquartered company also raised investments from Coinbase Ventures, Baillie Gifford, Lakestar, Lightspeed Venture Partners, and others. With the latest funding , Blockchain.com is also said to be adding two new board members from Kingsway and Lakestar. You might also like: Singapore grants payment institution license to Blockchain.com As crypto.news earlier reported, Three Arrows Capital ...

The $85-billion venture capital firm launched the Sequoia Crypto Fund in February 2022. Venture capital giant Sequoia Capital reportedly downsized its crypto currency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players. According to a July 27 Wall Street Journal report, the tech-focused VC firm told investors in March it would reduce its Sequoia Crypto Fund — along with its ecosystem fund — to better reflect changed market conditions. Sequoia Capital curbed crypto investments by a hefty 65% , opting for a nurturing stance on startups. Not a volatile market apathy, but strategic cognition, folks! #CryptoInvestments $BTChttps://t.co/hfsAAd8jeV pic.twitter.com/8JvtyShg0n — Chain Review (@Chain_Review) July 27, 2023 The crypto currency fund will now focus more on backing early-stage startups, given the recent crypto industry turmoil that took away many of the opportunities to back larger companies. Another motive behin...