Connect with us

Hi, what are you looking for?

Hidden Profit ReportsHidden Profit Reports

Tech News

Apple and OpenAI aren’t paying each other yet, says Bloomberg

Allison Johnson / The Verge

While the partnership between Apple and OpenAI announced at WWDC this week promises to give ChatGPT a prestigious place in Apple’s ecosystem, it seems neither party is paying the other to make that happen. According to a report from Bloomberg’s Mark Gurman, Apple instead believes that the exposure OpenAI will receive from being on hundreds of millions of Apple devices is “of equal or greater value than monetary payments.”

The report also says this deal isn’t exclusive to OpenAI, and that Apple is in talks with Anthropic and Google to offer their respective chatbots as an alternative option, with an agreement for Google’s Gemini expected to be in place later this year. While Apple will utilize OpenAI’s GPT-4o model to power various AI…

Continue reading…

You May Also Like

Tech News

Photo by Justin Sullivan/Getty Images Just one day after Meta’s network went offline for a while, LinkedIn was inaccessible around the world, cutting off...

Stock

In this edition of StockCharts TV‘s The Final Bar, guest David Hunter of Contrarian Macro Advisors shares his updated target for the S&P 500, and makes...

Stock

In this edition of StockCharts TV‘s The Final Bar, Dave focuses on AAPL which closed below its 200-day moving average as it tests key price support....