'Softbank To Invest $500M In OpenAI, U.S. Media Report; Apple Reportedly Dropped Out Of Plans To Participate In Large Funding Round' - Nikkei Asia
Portfolio Pulse from Benzinga Newsdesk
SoftBank's Vision Fund is set to invest $500 million in OpenAI, while Apple has reportedly withdrawn from participating in the funding round. OpenAI is raising $6.5 billion in convertible notes, with a current valuation of $150 billion. The investment is contingent on OpenAI restructuring its corporate structure.
September 30, 2024 | 5:39 pm
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Apple has reportedly decided not to participate in OpenAI's large funding round, which could impact its strategic positioning in AI investments.
Apple's decision to not participate in OpenAI's funding round may suggest a shift in its AI investment strategy or priorities. However, the direct impact on Apple's stock price is uncertain as the company has diverse business interests.
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