Benzinga
  • 3 months ago
Apple has withdrawn from negotiations to participate in OpenAI's recent funding round, according to reports.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.
Transcript
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00:03Apple has withdrawn from negotiations to participate in OpenAI's recent funding round, according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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