Oddbean new post about login | logout Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1718022021588-YAKIHONNES3.png Other firms, such as Microsoft and Nvidia, have also been in talks to participate, the report said, adding that Microsoft was expected to invest about $1 billion after having already poured $13 billion into the company.
Apple's decision to exit the funding round is notable, as it is relatively rare for the tech giant to invest in external ventures. The funding round is poised to be one of the largest in history, and OpenAI's valuation could reach around $150 billion depending on the outcome of this financing .The withdrawal may impact the dynamics of the funding round, especially considering the competitive landscape involving other major players like Microsoft and Nvidia, who are also involved in discussions
The funding round is anticipated to be one of the largest in history, potentially valuing OpenAI at around $150 billion. Apple's withdrawal comes as a surprise, especially given the growing interest in AI technologies and the strategic importance of such investments in the tech industry.
