Apple to Observe on OpenAI's Board
Apple to Observe on OpenAI's Board
š»Technology
Featured Chapters
Apple Joins OpenAI's Board
00:00:05 - 00:00:08
Microsoft's Role
00:00:49 - 00:00:53
OpenAI's Board Changes
00:00:59 - 00:01:03
Financial Implications
00:01:06 - 00:01:10
Industry Impact
00:01:37 - 00:01:40
Sources
Forbidden
https://www.barrons.com/articles/ap...
Apple Reportedly Gains Observer Seat on OpenAI Board
https://www.pymnts.com/apple/2024/a...
Bloomberg - Are you a robot?
https://www.bloomberg.com/news/arti...
reuters.com
https://www.reuters.com/technology/...
Appleās Phil Schiller to reportedly join OpenAIās board - The Verge
https://www.theverge.com/2024/7/2/2...
Background Music: "SPACE" prod. Metzmusic
Transcript
Chapter 1: Apple Joins OpenAI's Board. Apple is taking a significant step in its partnership with OpenAI by joining the company's board.
Apple, known for its innovative products and services, is now taking a seat at the table with OpenAI, the company behind the groundbreaking AI chatbot ChatGPT.
This move signifies a deepening of their partnership, which was announced just last month.
Apple's Phil Schiller, the head of the App Store, will represent the company as a non-voting observer on OpenAI's board.
This means Schiller will attend board meetings but won't have voting rights.
The partnership aims to integrate OpenAI's ChatGPT 4.0 into Apple's iOS, macOS, and iPadOS operating systems.
This integration will enhance Siri's capabilities with AI, allowing it to handle more complex queries with user consent.
Chapter 2: Microsoft's Role. Microsoft, a major investor in OpenAI, also holds a non-voting observer position on the board.
Microsoft has invested a whopping $13 billion in OpenAI, demonstrating its commitment to the company's future.
Chapter 3: OpenAI's Board Changes. OpenAI's board has seen significant changes recently, including the firing and rehiring of CEO Sam Altman in November 2023.
This event highlights the dynamic nature of the company and its leadership.
Chapter 4: Financial Implications. While the partnership doesn't involve a direct financial transaction, Apple believes that exposing OpenAI's brand and product to its hundreds of millions of users is of equal or greater value.
However, the integration could increase OpenAI's expenses, as it needs to pay Microsoft to host ChatGPT on its cloud network.
"The classic dilemma of whether to build an in-house solution, buy a ready-made product or form a partnership to integrate new technologies has been a cornerstone of business development for decades, but the importance of partnering with third-party vendors has increasingly come to the forefront." PYMNTS, 2024.
Chapter 5: Industry Impact. This partnership and Apple's observer role on OpenAI's board highlight the increasing importance of collaborations between tech giants and AI companies.
The dual representation by Apple and Microsoft on OpenAI's board could potentially complicate discussions involving both companies.
Apple, known for its innovative products and services, is now taking a seat at the table with OpenAI, the company behind the groundbreaking AI chatbot ChatGPT.
This move signifies a deepening of their partnership, which was announced just last month.
Apple's Phil Schiller, the head of the App Store, will represent the company as a non-voting observer on OpenAI's board.
This means Schiller will attend board meetings but won't have voting rights.
The partnership aims to integrate OpenAI's ChatGPT 4.0 into Apple's iOS, macOS, and iPadOS operating systems.
This integration will enhance Siri's capabilities with AI, allowing it to handle more complex queries with user consent.
Chapter 2: Microsoft's Role. Microsoft, a major investor in OpenAI, also holds a non-voting observer position on the board.
Microsoft has invested a whopping $13 billion in OpenAI, demonstrating its commitment to the company's future.
Chapter 3: OpenAI's Board Changes. OpenAI's board has seen significant changes recently, including the firing and rehiring of CEO Sam Altman in November 2023.
This event highlights the dynamic nature of the company and its leadership.
Chapter 4: Financial Implications. While the partnership doesn't involve a direct financial transaction, Apple believes that exposing OpenAI's brand and product to its hundreds of millions of users is of equal or greater value.
However, the integration could increase OpenAI's expenses, as it needs to pay Microsoft to host ChatGPT on its cloud network.
"The classic dilemma of whether to build an in-house solution, buy a ready-made product or form a partnership to integrate new technologies has been a cornerstone of business development for decades, but the importance of partnering with third-party vendors has increasingly come to the forefront." PYMNTS, 2024.
Chapter 5: Industry Impact. This partnership and Apple's observer role on OpenAI's board highlight the increasing importance of collaborations between tech giants and AI companies.
The dual representation by Apple and Microsoft on OpenAI's board could potentially complicate discussions involving both companies.