Apple has withdrawn from negotiations to participate in OpenAI's recent funding round, according to reports.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00:03Apple has withdrawn from negotiations to participate in OpenAI's recent funding round, according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