From Barchart: 2024-09-28 11:15:06

Apple has reportedly pulled out of a funding round for OpenAI, an artificial intelligence research lab. The decision comes after OpenAI raised $314 million from investors, including Sam Altman. Apple was rumored to be interested in investing $1 billion in the project. The reason for Apple’s withdrawal is unclear.

The funding round for OpenAI was led by Sam Altman, who personally invested $100 million. Other investors included Microsoft, Google, and even Elon Musk. The investment brings OpenAI’s total funding to over $1 billion. Despite Apple’s withdrawal, the project continues to attract support from other tech giants.

OpenAI was founded in 2015 as a non-profit artificial intelligence research lab. The organization’s mission is to ensure that AI benefits all of humanity. OpenAI’s research focuses on developing artificial general intelligence (AGI) with a long-term goal of creating safe and beneficial AI systems. The lab has made significant contributions to the field of AI.



Read more at Barchart: Apple reportedly backs out of OpenAI funding round – Mashable