05:03 AM EDT, 09/30/2024 (MT Newswires) -- Apple ( AAPL ) has dropped out of talks to participate in an OpenAI funding round, which is set to close this week and expected to raise up to $6.5 billion, The Wall Street Journal reported Friday, citing a person familiar with the matter.

Companies like Microsoft (MSFT) and Nvidia (NVDA) have also been in discussions to participate, the report said, adding that Microsoft is expected to invest about $1 billion.

OpenAI and Apple ( AAPL ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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