Apple reportedly ends investment talks with OpenAI
Apple, which has partnered with OpenAI to provide the personal AI '
Exclusive | Apple Is No Longer in Talks to Join OpenAI Investment Round - WSJ
https://www.wsj.com/tech/apple-no-longer-in-talks-to-join-openai-investment-round-e3be3e66
Apple No Longer in Talks to Invest in ChatGPT Maker OpenAI - MacRumors
https://www.macrumors.com/2024/09/30/apple-no-longer-investing-openai-chatgpt/
According to The Wall Street Journal, Apple had been in talks to join OpenAI's funding round, which was expected to raise around $6.5 billion, but has now pulled out. It's unclear why.
The funding round is estimated to value OpenAI at more than $100 billion, and a number of tech companies are reportedly in talks to join, including Microsoft, which is expected to contribute $1 billion, and NVIDIA, which is also in talks to join.
OpenAI is reportedly in talks to raise funds for a round valued at over 14 trillion yen, with venture capitalists contributing about 140 billion yen to lead the round and Microsoft also participating - GIGAZINE
Apple has enhanced its AI capabilities with iOS 18, iPadOS 18, and macOS Sequoia, providing Apple Intelligence, which it claims has been improved to perform advanced AI processing such as proofreading and summarizing text and image generation on-device. OpenAI's ChatGPT and GPT-4o are available in Apple Intelligence, and each model can be accessed via the voice assistant Siri.
The market is confused by the news of Apple's departure, as the company is working to strengthen its AI capabilities and has even signed a contract with OpenAI.
It has also been reported that this funding round will be SoftBank's first investment in OpenAI. The investment amount is expected to be $500 million (approximately 70 billion yen). This round is expected to close in the first week of October 2024.
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