Apple backs down and stops investing in ChatGPT owner OpenAI

Apple has backed away from its intention to become an investor in OpenAI, the artificial intelligence (AI) company responsible for projects such as ChatGPT. Information taken from: Wall StreetJournalThis is also the first time interest has been reported but has not yet been officially confirmed by the company.

According to the report, Spades will no longer be part of the first funding round at OpenAI This even confirms rumors that he is close to making a rare investment in another brand.

The rapprochement between Apple and OpenAI began this year, when both brands joined forces to develop artificial intelligence tools for the company’s new devices. ChatGPT is built into the company’s new personal assistant, Siri, whose launch has been delayed by several months.

Interestingly, the deal did not include a traditional payment for licensing the service. In place, Apple will generate revenue for OpenAI by strengthening and distributing the brand as well as the company’s technology.

Changes in OpenAI

Other tech giants such as Nvidia and Microsoft, currently one of OpenAI’s largest investors, are expected to participate in the funding round. There are such expectations Investments in this round alone exceeded US$ 6.5 billion will reach a record market value for the sector.

The company is going through an important transitional moment: It will soon become a traditionally profitable company, with a new structure that transforms current CEO Sam Altman into a partner with dividend rights.

Several longtime executives at OpenAI, which was founded in 2015 as a nonprofit research lab, have resigned in recent months, at odds with the new strategy that will likely include divergent projects and the need to please investors while generating revenue.

There are speculations that this change may be behind Apple’s decision change.however, licensing agreements must remain unchanged.