Apple has decided to sit this one out, opting not to invest in OpenAI's latest funding round, which promises to be the largest ever at a staggering $6.5 billion. But why the cold feet? Let’s dive into the juicy details.
First, let’s not forget Apple’s AI ambitions are far from modest. With plans to splash out $25 billion on AI in the coming years, they’re not exactly shy about embracing the tech. They’ve already snapped up several startups to bolster their in-house AI prowess. So, what’s the deal with OpenAI?
OpenAI, with its ChatGPT buzz and sky-high valuation, is a different beast. Heavyweights like Thrive Capital are already on board, pledging over $1 billion. Perhaps Apple didn’t fancy playing second fiddle, or maybe they’re just being strategic with their AI investments.
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AppleInsider suggests Apple’s decision might be linked to OpenAI’s shift from nonprofit to for-profit, a move that could have made the investment less appealing. Meanwhile, Apple is reportedly eyeing Google’s Gemini AI models to power new iPhone features, hinting at a different direction for their AI journey.
Despite Apple’s withdrawal, OpenAI isn’t exactly strapped for cash. With $11.3 billion already raised and a valuation soaring to $150 billion, they’ve got plenty of resources to fuel their AI ambitions.
So, is Apple missing the AI boat, or are they simply playing it smart? And can OpenAI deliver on its blockbuster promises? The AI race is heating up, and it’s going to be a thrilling ride. Buckle up, folks!
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