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

The company behind ChatGPT has secured $6.6 billion from investors, which could push its valuation to $157 billion, solidifying its status as one of the most valuable private companies globally.

The author writes, “A few weeks back, it was reported that Apple was exploring investing in OpenAI, the company that makes ChatGPT, the GPT model, and other popular generative AI products. Now, a new report from The Wall Street Journal claims that Apple has abandoned those plans.

OpenAI has raised $6.6 billion, valuing the company at $157 billion, contributing to its rapid growth. Major investors include Thrive Capital, Microsoft, and Nvidia. The funding comes amid executive changes and ensures protections for investors,

Thrive Capital, which committed about $1.2-billion from a combination of its own fund and a special purpose vehicle for smaller investors, negotiated the option to invest another $1-billion next year at the same valuation if the AI firm hits a revenue goal, sources added.

In a short-lived will-they-won't-they love story to rival the likes of Heathcliff and Catherine, Apple is reportedly no longer in talks with ChatGPT creator OpenAI for investing in its latest fundraising round.

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 However, it was said that the iPhone maker had withdrawn from the negotiation.

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

Apple has reportedly pulled out of negotiations to join OpenAIs $6.5 billion funding round, according to The Wall Street Journal. The decision leaves Microsoft and Nvidia as potential key investors in OpenAI,