Apple has formally withdrawn from the negotiations to join OpenAI’s future funding round, in which the company plans to collect about $6.5 billion. The Wall Street Journal reported that this cash-rich technology firm recently pulled out of the talks before the end of the round next week. The information was provided by an insider knowledgeable about the matter.

Microsoft and Nvidia Remain Engaged:

Two big Microsoft and Nvidia are still some of the key players involved with this method. Microsoft – which has invested $13bn in OpenAI – is anticipated to offer $1bn in this round. Another $1 billion by Microsoft adds it to the list of long-term supporters of OpenAI’s advancement.

Initial Interest of Apple in OpenAI:  

About two weeks ago, it seemed that Apple was on the verge of becoming an investor in OpenAI’s new funding round. This round may catapult OpenAI’s valuation to and above $100B primarily due to ChatGPT’s launch in 2022 and AI’s overall acceleration across different industries.

OpenAI’s technology trends have awakened many corporations’ interest in AI to keep up with changing trends. The release of ChatGPT has made businesses across all industries invest billions into artificial intelligence as they try to grab as much market as possible from their competitors.

No Comments from Apple or OpenAI:

To date, neither Apple nor OpenAI has commented on Apple’s decision to withdraw from the funding round. With more businesses taking a stake in AI, the participation of big and influential corporations like Microsoft and Nvidia evidences the role of AI in framing the future of technologies.