Apple Withdraws from OpenAI's $6.5 Billion Funding Round: WSJ

Sep 28, 2024, 01:24 AM

Apple Inc. has withdrawn from discussions to participate in OpenAI's funding round, which is expected to raise approximately $6.5 billion, according to the Wall Street Journal (WSJ). This decision marks an 11th-hour end to what would have been a rare investment by Apple in another major Silicon Valley company. Other firms, including Microsoft and Nvidia, remain in talks to participate in the funding round. OpenAI aims to close the funding round next week.