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Apple No Longer In Talks To Invest In OpenAI
Apple has withdrawn from discussions to invest in OpenAI's $6.5 billion funding round, though reasons for the decision remain unclear. The company still plans to proceed with integrating ChatGPT into Siri. MacRumors reports: The development comes just a month after WSJ reported that Apple was consi...
The high valuation reflects the intense competition in the artificial intelligence sector that OpenAI helped ignite with ChatGPT's launch in late 2022. Last week, Reuters reported on OpenAI's plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board. "Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion after the restructuring as it also tries to remove the cap on returns for investors," reported Reuters.
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