Apple not investing in OpenAI after all, new report says

Apple has decided not to invest in OpenAI, as reported by The Wall Street Journal. This decision comes just before OpenAI is set to close a $6.5 billion funding round, which is expected to attract investments from Microsoft and Nvidia. Initially, Apple was in discussions to participate in this funding round, but it has since withdrawn from those talks. Microsoft, already a significant investor in OpenAI with a 49% share of its profits, is anticipated to increase its investment by an additional $1 billion in this round. Despite not investing, Apple is collaborating with OpenAI to integrate ChatGPT into iOS 18, allowing the AI to assist Siri with world knowledge requests. Notably, this partnership does not involve any financial transactions between the two companies; Apple believes the exposure from the iOS integration is of equal or greater value than a cash investment. The news of Apple's withdrawal from the funding round coincides with ongoing leadership and structural changes within the company, including former design chief Jony Ive's involvement with OpenAI on an AI hardware product.

- Apple has opted out of investing in OpenAI's upcoming funding round.

- OpenAI is closing a $6.5 billion funding round, with Microsoft expected to invest $1 billion.

- Apple and OpenAI are collaborating to integrate ChatGPT into iOS 18.

- The partnership between Apple and OpenAI does not involve any financial transactions.

- Apple's decision comes amid leadership changes within the company.