Apple is taking a step back as an investor in OpenAI’s new funding round, which was expected to close this week.

OpenAI is currently in the middle of a large funding round, with the AI ​​company hoping to raise $6.5 billion. Apple is said to have presented itself as an investor, but is taking a step back a week before the end of the round, according to the WSJ. Other major technology companies such as Nvidia and Microsoft are involved in the financing round, led by venture capital firm Thrive Capital.

Apple is withdrawing

OpenAI, the company behind ChatGPT, recently announced several business transformations. The company is in the middle of its new round of funding and there have been rumors that OpenAI would transition from a non-profit to a profitable company.

OpenAI is now on its way to a funding round in which the AI ​​company hopes to raise $6.5 billion. A week before the completion of the financing round, Apple took a step back as an investor. Other big tech giants like Microsoft and Nvidia are still in the game. Tiger Global Management and MGX are also considering participation. Despite Apple’s departure, it doesn’t seem to have an impact on other potential investors.