Apple Withdraws From Investment Negotiations At OpenAI

Apple Inc. is out of his participation in the OpenAI funding round (photo: dock. apple)

JAKARTA - Apple Inc. reportedly has dropped out of talks regarding its participation in the OpenAI funding round which is expected to reach around US$6.5 billion (Rp98.3 trillion), according to a Wall Street Journal report, Friday, September 27.

The tech giant recently withdrew from negotiations for a funding round scheduled for next week. According to sources close to the situation, other companies such as Microsoft and Nvidia are also in talks to participate in this funding.

Microsoft is reported to be investing around USD 1 billion (IDR 15.1 trillion), after previously injecting USD 13 billion (IDR 196.6 trillion) into OpenAI. Even so, neither OpenAI nor Apple have commented on this news.

Last month, the Wall Street Journal first reported that Apple was involved in the negotiations, as part of OpenAI's new fundraising effort that could put the ChatGPT-making company's valuation above $100 billion.

The surge in valuation was triggered by competition in the AI sector that has been heating up since the ChatGPT launch at the end of 2022, prompting companies in various industries to invest billions of dollars to maintain their position in the market and seize market share in AI technology.