Tim Cook-Led Apple Reportedly Abandons OpenAI Funding Round Discussions, But Nvidia And Microsoft Could Still Invest In ChatGPT-Parent
Portfolio Pulse from Ananya Gairola
Apple has withdrawn from OpenAI's funding round discussions, while Microsoft and Nvidia are still considering investments. The funding round aims to raise $6.5 to $7 billion. OpenAI is transitioning to a for-profit model, which has been controversial.
September 28, 2024 | 6:52 am
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POSITIVE IMPACT
Microsoft is considering investing $1 billion in OpenAI's funding round, adding to its existing $13 billion investment, which could strengthen its AI capabilities.
Microsoft's potential additional investment in OpenAI could enhance its AI capabilities and market position, likely having a positive short-term impact on its stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Nvidia is in talks to invest in OpenAI's funding round, which could enhance its position in the AI hardware market.
Nvidia's potential investment in OpenAI could strengthen its role in AI hardware, likely having a positive short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Apple has decided to withdraw from OpenAI's funding round discussions, which could impact its strategic positioning in AI collaborations.
Apple's withdrawal from the funding round may affect its future AI collaborations and strategic positioning, but the immediate financial impact is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80