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Apple might be having second ideas about being a part of its subsequent spherical
Apple has left negotiations to take part in an OpenAI funding spherical anticipated to lift about $6.5 billion, the Wall Street Journal stated on Friday.
(Reuters) -Apple has left negotiations to take part in an OpenAI funding spherical anticipated to lift about $6.5 billion, the Wall Street Journal stated on Friday.
The tech large not too long ago fell out of the talks for the spherical, set to shut subsequent week, the newspaper stated, citing an individual aware of the matter.
Other corporations, resembling Microsoft and Nvidia, have additionally been in talks to take part, the report stated, including that Microsoft was anticipated to take a position about $1 billion after having already poured $13 billion into the corporate.
OpenAI declined to remark, whereas Apple didn’t instantly reply to a request for remark.
Last month, the Journal first reported that Apple was within the talks, as a part of OpenAI’s new fund-raising effort that might worth the ChatGPT maker above $100 billion.
The excessive valuation is a results of the AI arms race OpenAI sparked with its launch of ChatGPT in late 2022, spurring firms throughout industries to take a position billions within the expertise to remain forward of the competitors and seize market share.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – Reuters)
