Apple has left negotiations to take part in an OpenAI funding spherical anticipated to lift about $6.5 billion (roughly Rs. 54,464 crore), the Wall Road Journal stated on Friday.
The tech big just lately fell out of the talks for the spherical, set to shut subsequent week, the newspaper stated, citing an individual aware of the matter.
Different corporations, equivalent to Microsoft and Nvidia, have additionally been in talks to take part, the report stated, including that Microsoft was anticipated to speculate about $1 billion (roughly Rs. 8,379 crore) after having already poured $13 billion (roughly Rs. 1,08,928 crore) into the corporate.
OpenAI declined to remark, whereas Apple didn’t instantly reply to a request for remark.
Final month, the Journal first reported that Apple was within the talks, as a part of OpenAI’s new fund-raising effort that would worth the ChatGPT maker above $100 billion (roughly Rs. 8,37,996 crore).
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 speculate billions within the expertise to remain forward of the competitors and seize market share.
© Thomson Reuters 2024
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