June 3, 2025

Apple No Longer Looking to Invest in OpenAI

iPhone maker Apple is no longer looking to invest in artificial intelligence startup OpenAI according to a recent report by The Wall Street Journal.

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OpenAI is currently in the midst of a funding round that would value the company at $150 billion and is hoping to raise around $6.5 billion in the process. Apple was one of the companies engaged in talks to join as an investor in ChatGPT maker but opted to back out for undisclosed reasons.

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OpenAI’s current funding round is expected to wrap up at some point in October as talks with other investors are ongoing. The round is currently led by New York City-based venture capital firm Thrive Capital, which is expected to invest $1 billion.

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While Apple is out, several other tech giants are expected to contribute to the funding round. Microsoft, which has already invested $13 billion in OpenAI, is interested in contributing $1 billion. Chipmaker Nvidia is believed to be open to investing around $100 million.

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The news comes days after several reports indicated that OpenAI is looking to make a switch from a non-profit to a for-profit business.

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The New York Times recently also shared details about the company’s financial performance, which show that the company expects to reach $3.7 billion in annual sales but will also have $5 billion in expenses.