AI News Investors Should Not Miss

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4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Latest reports, published by finance publication The Wall Street Journal, indicate that the company has dropped out of taking part in an investment round for AI startup OpenAI. The startup is reportedly worth more than $100 billion and is backed by several tech giants, including Apple rival Microsoft.

Previously, it had been reported that Microsoft, Apple Inc. (NASDAQ:AAPL), and NVIDIA had all discussed joining the capital raise for the startup, which was valued at around $86 billion in a funding round held earlier this year. Microsoft was set to invest $1 billion into the startup, bringing total investment in OpenAI to around $13 billion. Venture capital firm Thrive Capital, which is leading the latest funding round, is also likely to invest more than $1 billion into the AI startup.

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