Silicon Republic September 30, 2024
Reports of the iPhone-maker in talks to potentially invest in OpenAI first came last month.
Apple has dropped out of participating in the upcoming OpenAI funding round – just as talks are slated to close next week.
Apple’s exit from the funding round was first reported by the Wall Street Journal last Friday (27 September), who also reported that according to sources, Microsoft will invest $1bn in OpenAI, in addition to the $13bn it has already invested in the AI start-up since 2019.
The upcoming funding round will be led by venture capital firm Thrive Capital with a $1bn into investment. Chip-maker Nvidia is also set to invest in the AI-giant.
The funding round is expected to raise as much...
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