(Reuters) -Apple has left negotiations to take part in an OpenAI funding spherical anticipated to lift about $6.5 billion, the Wall Road Journal stated on Friday.
The tech large lately fell out of the talks for the spherical, set to shut subsequent week, the newspaper stated, citing an individual conversant in the matter.
Different corporations, similar to Microsoft (NASDAQ:) and Nvidia (NASDAQ:), have additionally been in talks to take part, the report stated, including that Microsoft was anticipated to take a position about $1 billion after having already poured $13 billion into the corporate.
OpenAI declined to remark, whereas Apple (NASDAQ:) didn’t instantly reply to a request for remark.
Final month, the Journal first reported that Apple was within the talks, as a part of OpenAI’s new fund-raising effort that would worth the ChatGPT maker above $100 billion.
The excessive valuation is a results of the AI arms race OpenAI sparked with its launch of ChatGPT in late 2022, spurring corporations throughout industries to take a position billions within the know-how to remain forward of the competitors and seize market share.