Apple is no longer involved in talks to invest in OpenAI’s next funding round, which could value OpenAI at $150 billion, The Wall Street Journal reported.Budrul Chukrut/SOPA Images/LightRocket via Getty Images
Apple "fell out" of talks to invest in OpenAI’s next funding round, The Wall Street Journal reported.The ongoing funding round, which could value OpenAI at $150 billion, could raise up to $6.5 billion.The round’s investors and amounts could still change as talks are finalized.Apple is no longer involved in talks to invest in OpenAI during the company’s next funding round, The Wall Street Journal reported, citing a source familiar with the matter.
The ongoing funding round, which could close as soon as the first week of October, could value the AI startup at as much as $150 billion. OpenAI is expected to raise up to $6.5 billion from interested investors, The Journal noted.
Other tech titans, including Microsoft and Nvidia, are still in negotiations to invest in the artificial intelligence company, per The Journal. The round’s investors and amounts could still change as the talks are finalized.
Representatives for Apple did not immediately respond to a request for comment from Business Insider. A spokesperson for OpenAI declined to comment.
This is a developing story. Check back for updates.
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