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03.07.2024 21:50:09 - dpa-AFX: Apple's Schiller To Join OpenAI Board As Observer

CUPERTINO (dpa-AFX) - At the Worldwide Developers Conference (WWDC) last
month, Apple announced its partnership with OpenAI to integrate ChatGPT into iOS
18. A recent report from Bloomberg revealed that as part of this collaboration,
Phil Schiller, the former marketing head and chief of the App Store at Apple,
has been selected to have an 'observer role' on OpenAI's board of directors.

This strategic move allows Schiller to gain insightful knowledge about OpenAI's
operations without the right to vote but with permission to attend board
meetings.

Interestingly, Microsoft has also been granted a similar board observer role by
OpenAI, placing Apple and Microsoft on equal footing within OpenAI's leadership
structure. With Microsoft's existing ties to OpenAI, future board meetings may
address potential agreements between OpenAI and Microsoft, leading to some
complexity due to Schiller's presence.

Although Schiller has not yet participated in any OpenAI board meetings, he is
expected to do so later this year.

It's worth noting that at present, the collaboration between Apple and OpenAI
does not involve any financial transactions. However, it's anticipated that
Apple will receive a share of ChatGPT subscriptions generated through its
platforms in the future. The agreement is set to be implemented later this year,
with ChatGPT becoming integrated into iOS 18, iPadOS 18, and macOS Sequoia as a
result of this partnership.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
APPLE INC. 865985 Frankfurt 208,500 05.07.24 21:55:00 +3,950 +1,93% 0,000 0,000 204,850 208,500

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