Apple has left negotiations to take part in an OpenAI funding spherical anticipated to boost about $6.5 billion (roughly Rs. 54,464 crore), the Wall Avenue Journal stated on Friday.
The tech big not too long ago fell out of the talks for the spherical, set to shut subsequent week, the newspaper stated, citing an individual acquainted with the matter.
Different corporations, corresponding to Microsoft and Nvidia, have additionally been in talks to take part, the report stated, including that Microsoft was anticipated to take a position 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 might 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 corporations throughout industries to take a position billions within the expertise to remain forward of the competitors and seize market share.
© Thomson Reuters 2024
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