Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, The Wall Street Journal reports.

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	Forwarded this email? Subscribe here for more Apple drops out of talks to join OpenAI investment round MacDailyNews Sep 30   READ IN APP   Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, The Wall Street Journal reports. Tom Dotan and Berber Jin for The Wall Street Journal: ‎ Apple is no longer in talks to participate in an OpenAI funding round expected to raise as much as $6.5 billion, an 11th hour end to what would have been a rare investment by the iPhone maker in another major Silicon Valley company. Apple recently fell out of the talks to join the round, which is slated to close next week, according to a knowledgeable person. Two other tech giants, Microsoft and Nvidia, have also been in talks to participate in the round. Microsoft is expected to invest around $1 billion, adding to the $13 billion it already has put into the company, according to people familiar with matter.  ‎ MacDailyNews Note: OpenAI is also attempting the complicated process of overhauling its corporate structure from a nonprofit into a for-profit company. Whether it succeeds in doing so remains in question. We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Read on Substack ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple drops out of talks to join OpenAI investment round appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe