According to a report from The Wall Street Journal, Apple Inc. has fallen out of talks to invest in OpenAI, the artificial intelligence company behind the popular ChatGPT chatbot. The report suggests that the discussions broke down after the two companies failed to agree on terms, including the potential for Apple to have a say in OpenAI’s future products. OpenAI is reportedly seeking a valuation of around $29 billion in its latest funding round, which has attracted interest from other major tech companies like Microsoft. While Apple has been exploring ways to incorporate AI into its products and services, the company has been cautious about investing in or acquiring AI companies. The breakdown in talks with OpenAI highlights the challenges tech giants face in navigating the rapidly evolving AI landscape and securing a competitive edge in this transformative technology.
Source: https://www.businessinsider.com/apple-falls-out-talks-invest-openai-wsj-report-2024-9