According to The Wall Street Journal, Apple has exited discussions regarding potential investment in OpenAI’s upcoming funding round, projected to value the AI company at $150 billion. The funding round is expected to close by early October, aiming to raise up to $6.5 billion from interested investors. Negotiations with other tech giants are ongoing, with Microsoft looking to invest $1 billion and Nvidia considering around $100 million. The details of investors and funding amounts may undergo changes as the discussions progress. This significant funding round, potentially the highest valuation for a private tech company, coincides with OpenAI’s transition from a nonprofit to a for-profit structure. Despite attracting substantial investments and attention in the AI field, financial documents reveal that OpenAI accrues substantial expenses in its daily operations, projecting a loss of $5 billion this year despite expecting sales to reach $3.7 billion. The company anticipates substantial growth in sales, with forecasts reaching $100 billion by 2029. Apple declined to comment on the matter, while OpenAI’s spokesperson also refrained from providing insight. Stay tuned for further developments on this evolving narrative.
