From PYMNTS: 2024-06-13 13:45:36

Apple and OpenAI’s partnership may not immediately bring in money, reveals a report from Bloomberg News. Apple will integrate OpenAI’s ChatGPT into Siri, with expenses rising for OpenAI due to hosting costs with Microsoft. The collaboration could drive users to spend more time on Apple devices and potentially convert free users into paying ones, benefiting Apple’s revenue. PYMNTS compares this partnership to banks and FinTechs working together, noting the importance of strategic innovation in business development. Additionally, industry experts discuss Apple’s AI ecosystem and the Private Cloud Compute service, seeing it as a positive step for Apple’s security measures.



Read more at PYMNTS: Apple Paying OpenAI With Distribution, Not Cash