OpenAI made history with its recent funding round, with a staggering valuation of $157 billion. Thrive Capital led the round with participation from Microsoft, Khosla Ventures, Nvidia, Tiger Global, Fidelity, and others. The stakes on this round were particularly high for those bullish on the growth of foundational models, and seeking to reap benefits in a post AGI and ASI world, which per Sam Altman, is closer than we think.
Interestingly, Apple backed out last minute, and there is more than what meets the eye. This could be an indication towards Apple wanting to build its LLM capabilities in-house.
Apple likes to ‘Apple Intelligence’
In the generative AI race, Apple is still playing catch up, and their partnership with OpenAI felt like their leap into this space. But the iPhone makerhas vast in-house capabilities to its advantage. This could be a huge reason why the funding partnership which was touted as …