Apple Bows Out of OpenAI Funding Round as Microsoft, as Microsoft Adds $1 Billion to Existing Investment

Benzinga

Apple has withdrawn from negotiations to participate in OpenAI's recent funding round, according to reports. Microsoft and Nvidia are still in talks to invest, with Microsoft expected to contribute around $1 billion on top of the $13 billion it has already invested. Thrive Capital is leading the funding round, and other participants may include Tiger Global Management and UAE-backed MGX. OpenAI is also restructuring from a nonprofit to a for-profit entity, driven by investor influence.

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00:00It's Benzinga, and here's what's on the block.

00:03Apple has withdrawn from negotiations to participate in OpenAI's recent funding round, according

00:07to reports.

00:09Microsoft and NVIDIA are still in talks to invest, with Microsoft expected to contribute

00:13around $1 billion on top of the $13 billion it has already invested.

00:18Thrive Capital is leading the funding round, and other participants may include Tiger Global

00:22Management and UAE-backed MGX.

00:25OpenAI is also restructuring from a non-profit to a for-profit entity, a process driven by

00:31investor influence.

00:32For all things money, visit Benzinga.com.

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