Apple has withdrawn from the renegotiations to participate in
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As The WallStreet Journal reports, citing a source close to the negotiations, Apple refused to participate in the round. But two other tech giants, Microsoft and Nvidia, are still expected to be interested in investing.
Presumably, Microsoft will add another dollar to the $13 billion already invested in developer ChatGPT. Thrive Capital, Tiger Global Management and the UAE state-backed MGX have also confirmed their interest, but negotiations on the financing have not yet been concluded and the composition of participants and investment amounts may change.
As a reminder, OpenAI is in the process of reorganizing its corporate structure from a non-profit company to a for-profit one. This change was widely supported, but if no changes are made within two years, investors in the current round will have the right to demand the return of their funds.
OpenAI expects its revenue to grow to $11.6 billion in 2025 from an estimated $3.7 billion in 2024, Reuters writes, citing anonymous sources.
Its flagship product, ChatGPT, has already reached 10 million paying customers and could generate $2.7 billion in revenue this year, up from $700 million in 2023.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
