Apple withdraws from OpenAI funding round as Microsoft and Nvidia prepare to invest
news.yahoo.com — September 30, 2024, 04:00 PM UTC
Apple has withdrawn from discussions to invest in OpenAI's upcoming funding round, which aims to raise $6.5 billion. This decision comes as Microsoft and Nvidia are expected to participate, with Microsoft planning to invest $1 billion. Previously, Microsoft invested $13 billion in OpenAI. Despite pulling out of the funding, Apple remains an official partner of OpenAI for AI software updates. Other investors in the funding round include Thrive Capital, Tiger Global Management, and UAE-backed MGX. This funding effort coincides with significant changes in OpenAI's structure and priorities.
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