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How will Apple's stock react to the ChatGPT integration announcement by June 30, 2024?
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Apple•OpenAI•ChatGPT•iPads•Macs•Apple Intelligence•2024 Worldwide Developers Conference•WWDC•Tim Cook•iOS 18•Siri•US•Microsoft
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Publicly available stock market data (e.g., Yahoo Finance, Bloomberg)
Story
Apple Partners with OpenAI to Integrate ChatGPT into iOS 18, No Cash Involved
Jun 13, 2024, 04:01 PM
Apple has announced a partnership with OpenAI to integrate ChatGPT into its devices, including iPhones, iPads, and Macs, as part of its new AI platform, Apple Intelligence. This collaboration was unveiled at the 2024 Worldwide Developers Conference (WWDC). Notably, the agreement does not involve any direct monetary exchange; instead, Apple will promote OpenAI's technology across its ecosystem, providing exposure to hundreds of millions of users. Apple CEO Tim Cook described the initiative as a “personal intelligence system” and emphasized that Apple Intelligence aims to personalize user experiences while maintaining a high standard of privacy. The integration of ChatGPT, particularly in iOS 18, is expected to improve features such as Siri and other AI-driven tools on Apple devices. Apple's stock has surged following these announcements, making it the most valuable company in the US, surpassing Microsoft.
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