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Apple not investing in OpenAI after all, new report says
Apple is no longer planning to invest in OpenAI, according to a new report from The Wall Street Journal. This...
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. Today’s report suggests Microsoft is set to expand its OpenAI investment with another $1 billion through this latest round. Instead, Apple reportedly believes that the exposure the iOS 18 integration is giving OpenAI is “of equal or greater value” than cash.
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