Apple has taken an observer position on OpenAI’s board as part of a deal to integrate OpenAI’s ChatGPT into Apple products. Phil Schiller will represent Apple in this role, allowing him to attend board meetings but not vote on company decisions. This move follows a partnership between Apple and OpenAI to integrate ChatGPT 4o into Apple’s operating systems. The terms of the partnership involve Apple exposing OpenAI’s brand and product to its users rather than a monetary deal. However, OpenAI will incur expenses by hosting ChatGPT on Microsoft’s cloud network, with the potential for increased costs as more users adopt the technology. This collaboration reflects a trend in the industry of companies partnering to integrate new technologies rather than building in-house solutions. The importance of third-party partnerships has become increasingly crucial due to the rapid evolution of technology and rising consumer expectations. This strategic partnership between Apple and OpenAI mirrors similar collaborations in the banks/FinTech space, highlighting the trend of companies opting to partner with third-party vendors to leverage new technologies.
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Apple gains observer seat on OpenAI board. #AIobserver
Preeti
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