Rest Easy Apple, OpenAI's Sam Altman Denies Rumors Of 'iPhone Of AI': 'I Have No Interest'
Portfolio Pulse from Rounak Jain
OpenAI CEO Sam Altman has denied rumors of working on the 'iPhone of AI', a relief to Apple Inc. Altman confirmed that he, along with former Apple designer Sir Jony Ive and SoftBank's Masayoshi Son, is working on a consumer-centric device, but it will not compete with smartphones. Microsoft, one of the largest shareholders of OpenAI, will also contribute to the project.
October 18, 2023 | 8:00 am
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POSITIVE IMPACT
Apple may see less competitive pressure as OpenAI's Sam Altman denies working on a smartphone-like device.
The news that OpenAI is not working on a smartphone-like device reduces potential competition for Apple's iPhone. This could have a positive impact on Apple's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Microsoft, as a major shareholder in OpenAI, stands to benefit from the development of a new consumer-centric device.
As a major shareholder in OpenAI, Microsoft is likely to benefit from the development of a new consumer-centric device. This could have a positive impact on Microsoft's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SoftBank's involvement in the development of a new consumer-centric device with OpenAI could potentially benefit the company.
SoftBank's involvement in the development of a new consumer-centric device with OpenAI could potentially benefit the company and have a positive impact on its stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70