Apple has reportedly exited negotiations to put money into OpenAI, the corporate behind the favored ChatGPT AI chatbot, in keeping with The Wall Avenue Journal.


Apple had been in discussions to take part in a funding spherical for OpenAI that’s anticipated to boost roughly $6.5 billion. Nevertheless, Apple not too long ago dropped out of the talks for causes that stay unclear. The funding spherical is ready to shut this week.

The event comes only a month after WSJ reported that Apple was contemplating an funding in OpenAI as a part of a fundraising effort that would worth the AI firm at over $100 billion. The excessive valuation displays the extraordinary competitors within the synthetic intelligence sector that OpenAI helped ignite with ChatGPT’s launch in late 2022.

Whereas Apple has stepped away, different main tech firms stay concerned. Microsoft, which has already invested $13 billion in OpenAI, is anticipated to contribute about $1 billion to this newest spherical. Nvidia can be reportedly in talks to take part.

The information of Apple’s withdrawal might shock some, given the corporate’s current strikes within the AI area. Apple beforehand introduced plans to combine ChatGPT into Siri on iOS 18, iPadOS 18, and macOS Sequoia later this yr. This integration will permit Siri to show ChatGPT responses immediately with consumer permission. Nevertheless, current experiences of turmoil inside OpenAI’s ranks because it pursues a for-profit construction, might have factored into Apple’s resolution to not pursue the funding.

That mentioned, Apple’s deliberate ChatGPT integration for its platforms remains to be anticipated to proceed earlier than the tip of the yr. The corporate has mentioned that iPhone, iPad, and Mac customers will be capable of use ChatGPT free of charge with out creating an account, whereas ChatGPT Plus subscribers will be capable of entry paid options on Apple units.

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