Apple drops out of talks to join OpenAI investment

NEW YORK, Sept 28 (Reuters): Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday.

The tech giant recently fell out of the talks for the round, set to close next week, the newspaper said, citing a person familiar with the matter. Other firms, such as Microsoft and Nvidia, have also been in talks to participate, the report said, adding that Microsoft was expected to invest about $1 billion.

after having already poured $13 billion into the company.

OpenAI declined to comment, while Apple did not immediately respond to a request for comment.

Last month, the Journal first reported that Apple was in the talks, as part of OpenAI's new fund-raising effort that could value the ChatGPT maker above $100 billion.