Apple reportedly abandons talks to invest in OpenAI - Gazeta Express
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AutoTech

Express newspaper

28/09/2024 18:17

Apple has reportedly pulled out of talks to invest in OpenAI

AutoTech

Express newspaper

28/09/2024 18:17

Apple is no longer involved in talks to invest in OpenAI during the company's next funding round.

Thus, as foreign media write, Telegraph reports, The Wall Street Journal reported, citing a source familiar with the matter.

The ongoing funding round, which could close in the first week of October, could value the AI ​​startup at up to $150 billion.

And OpenAI is expected to raise up to $6.5 billion from interested investors, The Journal noted.

Other tech titans are still negotiating to invest in the AI ​​company.

Citing sources familiar with the matter, The Journal reported that Microsoft is planning to invest $1 billion, adding to the $13 billion it has previously invested.

Chipmaker Nvidia is also considering an investment of about $100 million, Bloomberg previously reported.

The funding round, which would be the highest valuation ever for a private tech company, according to Axios, comes as OpenAI is restructuring its business from a non-profit entity to a for-profit one.