The tech large lately fell out of the talks for the spherical, set to shut subsequent week, the newspaper mentioned, citing an individual conversant in the matter.
Other corporations, equivalent to Microsoft and Nvidia, have additionally been in talks to take part, the report mentioned, including that Microsoft was anticipated to speculate about $1 billion (roughly Rs. 8,379 crore) after having already poured $13 billion (roughly Rs. 1,08,928 crore) into the corporate.
OpenAI declined to remark, whereas Apple didn’t instantly reply to a request for remark.
Last 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 (roughly Rs. 8,37,996 crore).
The excessive valuation is a results of the AI arms race OpenAI sparked with its launch of ChatGPT in late 2022, spurring firms throughout industries to speculate billions within the know-how to remain forward of the competitors and seize market share.
© Thomson Reuters 2024
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