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VisitWhat will be the market reception to Apple's ChatGPT integration?
Positive, stock up >10% • 33%
Neutral, stock within ±10% • 33%
Negative, stock down >10% • 33%
Financial reports, stock market data, or major financial news outlets
Apple to Announce OpenAI Partnership at WWDC for ChatGPT Integration on iOS and iPhones
Jun 5, 2024, 02:15 PM
Apple is set to announce a significant partnership with OpenAI at its upcoming Worldwide Developers Conference (WWDC) next Monday. The collaboration aims to integrate OpenAI's ChatGPT into Apple's iOS, marking a temporary arrangement until Apple's own AI, Siri, can be improved. This partnership, made with OpenAI CEO Sam Altman, is seen as a strategic move for Apple to catch up in the generative artificial intelligence space, an area where it has lagged behind its peers. Industry analysts, including Wedbush's Dan Ives, highlight the importance of this event, considering it the most crucial for Apple in over a decade. The integration of ChatGPT is expected to add substantial value to Apple's offerings, potentially boosting its market position by $30-$40. Additionally, sources indicate that Apple plans to offer these AI features as an opt-in service, and the company is also working on AI-focused M4 chips and LLM-powered robotic devices. The integration will initially be available on iPhones.
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