Apple pulls out of $6.5 billion…

Apple unexpectedly pulled out of talks to participate in OpenAI’s $6.5 billion funding round. The iPhone company has been in talks in recent weeks to participate in one of the largest financing rounds in Silicon Valley.

Microsoft and Nvidia, on the other hand, are still in talks to make significant investments in OpenAI. Microsoft plans to invest around $1 billion, in addition to the $13 billion the company has already invested in the company.

Nvidia, which is heavily involved in artificial intelligence, is also considering investing to further expand its position in the AI ​​sector. The financing round is led by the venture capital company Thrive Capital, which wants to invest around 1 billion dollars.

Other investors include the investment house Tiger Global Management and the state-affiliated company MGX from the United Arab Emirates. The negotiations are well advanced, but the final investment amounts and the investor structure could still change.

At the same time, OpenAI is working on restructuring its corporate form from a non-profit organization to a for-profit company. This transformation was suggested by many investors in the current round, but is proving to be a complex process.

OpenAI has made a name for itself in recent years through the development of the chatbot ChatGPT and other AI-based technologies. The great success of these applications has brought the company into the focus of well-known investors and illustrates the potential in the area of ​​artificial intelligence.

news-source"> Quelle: Eulerpool Research Systems

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.