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Stockreport

It Turns Out Apple Is Only Paying OpenAI in Exposure [Yahoo! Finance]

Apple Inc. (AAPL)  More Company Research Source: Yahoo! Finance
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Sounds like OpenAI knows exactly what that feels like. When Apple announced its partnership with OpenAI last week, it certainly sounded like it could have been yet another blockbuster deal for the ChatGPT developer, who has already courted billions of dollars from its big daddy backer, Microsoft. But as Bloomberg reports , no hard cash changed hands as part of the deal, and neither party expects a direct boost in revenue. Apple isn't paying OpenAI, but the thinking goes that it's more than making up for this by giving the startup tons of exposure, according to Bloomberg's sources, as it thrusts ChatGPT into the hands of Apple's hundreds of millions of devices and customers. In return, Apple — notably absent for so long in the generative AI race — can finally get a foothold in the field and get chatbot-crazed customers to use their devices more. And to inject some speculation on our part, perhaps Apple hopes to piggyback off ChatGPT's household status to vicariously legitimize its [Read more]

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Stockreport

It Turns Out Apple Is Only Paying OpenAI in Exposure [Yahoo! Finance]

Apple Inc.  (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Sounds like OpenAI knows exactly what that feels like. When Apple announced its partnership with OpenAI last week, it certainly sounded like it could have been yet another blockbuster deal for the ChatGPT developer, who has already courted billions of dollars from its big daddy backer, Microsoft. But as Bloomberg reports , no hard cash changed hands as part of the deal, and neither party expects a direct boost in revenue. Apple isn't paying OpenAI, but the thinking goes that it's more than making up for this by giving the startup tons of exposure, according to Bloomberg's sources, as it thrusts ChatGPT into the hands of Apple's hundreds of millions of devices and customers. In return, Apple — notably absent for so long in the generative AI race — can finally get a foothold in the field and get chatbot-crazed customers to use their devices more. And to inject some speculation on our part, perhaps Apple hopes to piggyback off ChatGPT's household status to vicariously legitimize its [Read more]

IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS