Apple Exits OpenAI Investment Round, Microsoft and Nvidia Continue Talks
Apple's Withdrawal from the OpenAI Investment Round
According to a report from the Wall Street Journal, Apple has officially dropped out of discussions to participate in an OpenAI investment round expected to raise approximately $6.5 billion. This funding initiative is projected to close soon, highlighting significant movements within the tech market.
Competing Interests
- Microsoft is in the mix, anticipated to invest around $1 billion.
- Nvidia is also discussing potential involvement in this funding round.
Previously, Apple had shown interest in joining this fundraising effort, which might value OpenAI at over $100 billion. The abrupt exit from negotiations points to an evolving strategy in Apple's approach to AI investments.
OpenAI's Remarkable Growth
OpenAI is projected to reach $11.6 billion in revenue next year, fueled by the AI arms race initiated by the launch of ChatGPT in late 2022. This launch has led to substantial investments across various industries.
OpenAI declined to comment on the situation, and inquiries made to Apple went unanswered at the time of reporting.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.