Apple withdraws from negotiations on investment in OpenAI

Apple withdraws from negotiations on investment in OpenAI

Apple has withdrawn from negotiations to participate in the OpenAI funding round, which is expected to raise about $6.5 billion. MacRumors reports on this.

This investment round should secure OpenAI’s status as one of the most valuable startups in the world. Currently, OpenAI is considering restructuring to become a commercial company.

OpenAI intends to raise an additional $5 billion or more. Apple, Nvidia, and Microsoft, the world’s three most expensive technology companies, have been in talks to join the funding round.

Microsoft has already invested $13 billion in OpenAI and will invest another $1 billion.

As a reminder, OpenAI is finalizing its fundraising. Investors who want to participate in the financing hope the company will be valued at $1 trillion.