PYMNTS.com September 29, 2024
Apple has reportedly stepped back from talks to invest in a massive OpenAI funding round.
That round is expected to raise up to $6.5 billion, but Apple recently backed away from discussions to take part, The Wall Street Journal (WSJ) reported Friday (Sept. 27), citing sources close to the matter.
Those sources say Microsoft and Nvidia are also in discussions to take part in the round, with the former company expected to invest $1 billion in the artificial intelligence (AI) startup, on top of the $13 billion it has already invested.
The report noted that Apple’s participation would have marked a rare investment by the company in another major tech firm.
As PYMNTS wrote last week, OpenAI’s fundraising plan...
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