Apple backs out of backing OpenAI, report claims
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Apple dropped out of the $6.5 billion investment round at the 11th hour.

There are a lot of reasons why Apple would back out. I wish we had more info.

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probably just price. OpenAI does not have the edge over competition it once had.

I’d guess the 3 key staff members leaving all at once without notice had something to do with it.

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Not to mention TSMC told Sammy a couple days ago that his business isn’t worth $7T spent on scaling up their operations. Major companies do not see the value in AI. It’s a flash in the pan technology and solves few if any problems.

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