News: Apple's decision to withdraw its investment coincides with OpenAI's reorganisation, as it becomes a for-profit business instead of a charity. Apple has reportedly withdrawn from talks to participate in OpenAI's most recent fundraising round.

Apple is no longer planning to invest in OpenAI, according to a new report from The Wall Street Journal. This comes as OpenAI plans to close a $6.5 billion funding round next week, with investments possible from both Microsoft and Nvidia.

Apple has ended talks to join an OpenAI funding round that was expected to raise up to $6.5 billion, according to a person familiar with the matter, reports the Wall Street Journal. The last-minute decision to pull out would have seen Apple invest into another major Silicon Valley company.

Earlier, the valuation was expected to be around $100 billion, but now the valuation has reportedly shot up to $150 billion.

Apple has stepped away from negotiations to invest in OpenAI's latest funding round, which is expected to raise about $6.5 billion, according to a report by the Wall Street Journal.

Other firms, such as Microsoft and Nvidia, have also been in talks to participate, the report said, adding that Microsoft was expected to invest about $1 billion after having already poured $13 billion into the company.