TECH - Apple's Potential Partnership With OpenAI Opens Up Revenue Opportunities Says Tech Bull: 'The Golden Goose For Cook And Cupertino Was...' | Benzinga
Apple Inc. (NASDAQ:AAPL) is reportedly on the brink of finalizing a partnership with OpenAI that could bring significant AI features to its devices. Wedbush's Dan Ives believes it will open up AI revenue opportunities for Apple.
What Happened: Apple is close to sealing a deal with OpenAI, which would see the integration of ChatGPT into iOS 18 and the upcoming iPhone 16.
The partnership is expected to be officially announced at the Worldwide Developers Conference (WWDC) on June 10.
The collaboration could involve an OpenAI Chatbot with exclusive features that would enhance Apple’s on-device and cloud-powered Large Language Models (LLMs). This would be supported by Apple’s in-house high-end chips.
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Apple is also expected to leverage this partnership to introduce new AI features on the iPhone 16, potentially leading to a separate monthly subscription service and opening up a new revenue ...