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VisitApple Withdraws from OpenAI's $6.5 Billion Funding Round at 11th Hour
Sep 28, 2024, 01:16 AM
OpenAI is expected to close a funding round totaling $6.5 billion next week, according to the Wall Street Journal. However, Apple has decided to back out of the investment discussions at the 11th hour. This marks a significant shift as Apple was previously in talks to participate in the funding round, which would have been a rare investment by the iPhone maker in another major Silicon Valley company. Additionally, Apple is no longer involved in board discussions.
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