Official announcements from Nvidia or OpenAI, reputable news sources like Wall Street Journal

Apple Withdraws from OpenAI's $6.5 Billion Funding Round, Ends Board Discussions

Sep 28, 2024, 01:24 AM

Apple Inc. has decided to withdraw from discussions to participate in OpenAI's funding round, which is expected to raise up to $6.5 billion, according to the Wall Street Journal. This decision marks an 11th-hour end to what would have been a rare investment by the iPhone maker in another major Silicon Valley company. Apple is also no longer involved in board discussions. Other tech giants like Microsoft and Nvidia remain in talks to participate in the funding round.