# Apple Backs Out of OpenAI Investment Talks: What’s Next? 🍏

**URL:** <https://onehack.st/t/apple-backs-out-of-openai-investment-talks-what-s-next/292547>\
**Category:** News & Articles\
**Tags:** business, ai\
**Created:** [October 1, 2024, 4:14pm UTC](https://onehack.st/t/apple-backs-out-of-openai-investment-talks-what-s-next/292547 "2024-10-01T16:14:06Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [October 1, 2024, 4:14pm UTC](https://onehack.st/t/apple-backs-out-of-openai-investment-talks-what-s-next/292547/1 "2024-10-01T16:14:07Z")

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**Summary:**

1. **Withdrawal from Investment Talks**  
Apple has officially pulled out of discussions to invest in OpenAI’s $6.5 billion funding round, though the reasons for this decision remain unclear.

2. **Integration Plans Continue**  
Despite stepping back from the investment, Apple is still committed to integrating ChatGPT into its Siri voice assistant, indicating ongoing interest in AI technology.

3. **Recent Funding Context**  
This development follows reports just a month earlier that Apple was considering investing in OpenAI, which could have valued the AI company at over $100 billion, highlighting the intense competition in the AI sector.

4. **Other Tech Giants Still Involved**  
While Apple withdraws, Microsoft and Nvidia remain engaged, with Microsoft expected to contribute an additional $1 billion to the funding round, on top of its previous $13 billion investment.

5. **OpenAI’s For-Profit Shift**  
OpenAI’s transition to a for-profit benefit corporation may have influenced Apple’s decision, as the restructuring includes giving CEO Sam Altman equity in the company, which could significantly increase its valuation.

**Read more at:** [MacRumors](https://www.macrumors.com/2024/09/30/apple-no-longer-investing-openai-chatgpt/)