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WSJ Tech News Briefing

TNB Tech Minute: Apple and Nvidia in Talks to Invest in OpenAI

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 29 August 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, SpaceX Falcon 9 launches paused after failed landing. And Huawei’s profit rises in the first half of the year as demand for its car business and smartphone sales grow. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here's your TnB Tech Minute for Thursday, August 29th. I'm Zoe Thomas for the Wall Street Journal.

0:08.0

We are exclusively reporting that Apple and Invidia are in talks to invest in open AI.

0:14.0

The investment would be part of a new open AI fundraising round

0:18.0

valuing the startup above $100 billion.

0:21.0

That's according to people familiar with the situation. We reported

0:24.5

yesterday that the funding round is being led by venture capital firm Thrive

0:28.5

capital. Microsoft is also expected to participate. It couldn't be learned how much Apple

0:34.1

and video or Microsoft will invest into open AI this round. News Corp, owner of the

0:39.4

Wall Street Journal has a content licensing partnership with open AI.

0:44.4

The Federal Aviation Administration has paused launches of SpaceX's mainstay rocket after a failed

0:50.6

landing.

0:51.6

A SpaceX Falcon 9 booster tipped over after landing. a failed landing of SpaceX's reusable rocket.

1:03.0

Elon Musk's space company now needs to complete an investigation into what happened and secure permission from the FAA to restart flights.

1:11.0

The rocket is slated for use in a mission set to include

1:14.0

the first commercial astronaut's spacewalk. Representatives for that mission and

1:18.4

SpaceX didn't respond to requests for comment. And Chinese tech giant Huawei's net profit climbed 18% in the first half of the

1:27.5

year to the equivalent of 7.7 billion US dollars that's according to figures released by the privately held

1:34.0

company.

1:35.1

Huawei says its consumer and intelligent automotive solutions businesses

1:39.2

grew rapidly during that time.

1:41.5

Huawei was the number two smartphone seller in China during the second quarter according to market

1:46.7

research firm International Data Corp and it's grown its electric vehicle business by collaborating

...

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