Apple withdraws from OpenAI investment talks ahead of funding round closure

Apple has withdrawn from negotiations to invest in OpenAI's upcoming funding round, which aims to raise about $6.5 billion. This round is expected to close next week. Previously, Apple was in talks to join other investors like Microsoft and Nvidia. Microsoft is anticipated to invest an additional $1 billion, following its previous $13 billion investment in OpenAI. The funding round could value OpenAI at over $100 billion, driven by the competitive landscape in artificial intelligence since the launch of ChatGPT in late 2022.