Apple has reportedly exited negotiations to invest in OpenAI, the company behind the popular ChatGPT AI chatbot, according to The Wall

Apple has reportedly withdrawn from discussions to participate in a high-profile investment round for OpenAI. According to the Wall Street Journal’s exclusive report, the next and last round of funding for ChatGPT ’s parent company is expected to raise upward of $6.

What? You expected us to pay for this? The fruity cargo cult Apple has walked away from a funding round for OpenAI that is expected to raise approximately $6.5 billion. The move is surprising because Apple’s much-hyped Apple Intelligence depends on OpenAI.

Besides SoftBank, the ChatGPT developer’s new funding round is also expected to include the participation of Microsoft Corp. The tech giant previously provided OpenAI with about $13 billion worth of capital and cloud infrastructure. Microsoft is expected to up its OpenAI stake by another $1 billion.

Previously, Apple was reported to be interested in AI investment with OpenAI. However, it was said that the iPhone maker had withdrawn from the negotiation.

News: Apple's decision to withdraw its investment coincides with OpenAI's reorganisation, as it becomes a for-profit business instead of a charity. Apple has reportedly withdrawn from talks to participate in OpenAI's most recent fundraising round.

Apple (AAPL) recently pulled out of talks to participate in the next round of funding for OpenAI as it seeks to raise $6.5 billion, according to The Wall Street Journal. Nvidia (NVDA) and Microsoft (MSFT) are reportedly expected to participate in the funding round,

Apple drops out of participating in the upcoming OpenAI funding round, right before the talks were slated to close next week.

Apple has exited its negotiations with popular ChatGPT AI chatbot maker OpenAI. The reason for Apple dropping out of talks is currently unclear.