Apple reportedly finalizing terms to incorporate OpenAI’s ChatGPT technology into operating systems

Apple reportedly is close to a deal with ChatGPT-creator OpenAI to integrate its generative artificial intelligence (GenAI) technology into its operating systems for Macs, iPhones, iPads, and more. Apple stock rose Monday on the news.

Patrick Seitz for Investor’s Business Daily:
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In morning trades on the stock market today, Apple stock climbed 1% to 184.94.

Adding AI to Apple’s next handsets, the iPhone 16 series, will give consumers a reason to upgrade, Wedbush Securities analyst Daniel Ives said in a client note Monday. Apple also could monetize some AI services through subscriptions, he said.

“As more apps and tasks are able to be completed with generative AI, Apple stands to monetize a significant revenue base over the coming years with its massive and unmatched 2.2 billion (unit) installed base (of hardware),” Ives said.

He added, “We would expect Apple to build out a next level Siri technology with OpenAI that can do complex tasks for Apple users and more advanced features that will eventually be a separate monthly subscription service along with other AI features.”

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