Apple Withdraws from Open AI Funding

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Apple Bows Out of OpenAI Funding Round as Microsoft, as Microsoft Adds $1 Billion to Existing Investment

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It's Ben Zynga and here's what's on the block. Apple has withdrawn from negotiations to participate in Open A is recent funding round. According to reports, Microsoft and NVIDIA are still in talks to invest, with Microsoft expected to contribute around $1 billion on top of the 13 billion it has already invested. Thrive Capital is leading the funding round and other participants may include Tiger Global Management and UAE backed MGX. Open AI is also restructuring from a nonprofit to a for profit entity, A process driven by investor influence. For all Things Money , visit bensinga.com..