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Nvidia's stock surge, ChatGPT on iPhones, and OpenAI rakes in cash: AI news roundup

Nvidia's stock surge, ChatGPT on iPhones, and OpenAI rakes in cash: AI news roundup

Plus, Elon Musk says he'll ban Apple devices at his companies if ChatGPT is integrated into iPhones

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Image for article titled Nvidia's stock surge, ChatGPT on iPhones, and OpenAI rakes in cash: AI news roundup
Graphic: Images: Hakan Nural/Anadolu, Justin Sullivan, Justin Sullivan, Andrej Sokolow/picture alliance

Apple finally unveiled its generative artificial intelligence plans at its Worldwide Developers Conference. Perhaps the biggest announcement was its partnership with OpenAI to integrate the latest ChatGPT into its iPhone, iPad, and Mac operating systems. Plus, Apple regained its spot as the world’s most valuable company.

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Read about this and other AI news from this week.

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Image for article titled Nvidia's stock surge, ChatGPT on iPhones, and OpenAI rakes in cash: AI news roundup
Image: Hakan Nural/Anadolu (Getty Images)

Apple’s newly announced partnership with the AI chatbot-maker OpenAI will put the latest ChatGPT model on the next iPhones, iPads, and Macs. As OpenAI continues to face legal actions from news outlets and authors, the new deal with Apple raises the question: could Apple be found liable if courts rule that OpenAI violated copyrights?

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OpenAI CEO Sam Altman (L) talks with Apple senior Vice President of Services Eddy Cue (R) during the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California.
OpenAI CEO Sam Altman (L) talks with Apple senior Vice President of Services Eddy Cue (R) during the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California.
Photo: Justin Sullivan (Getty Images)

OpenAI has more than tripled its annualized revenue over the past year, according to The Information.

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Tim Cook talking on stage in front of three empty grey chairs with an Apple logo behind him
Apple CEO Tim Cook at the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California.
Photo: Justin Sullivan (Getty Images)

Apple finally unveiled its generative artificial intelligence plans that include a partnership with an industry leader — but it reportedly doesn’t plan to pay for the technology, at least not with money.

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Apple Worldwide Developers Conference at Apple Park headquarters on June 10, 2024.
Apple Worldwide Developers Conference at Apple Park headquarters on June 10, 2024.
Photo: Andrej Sokolow/picture alliance (Getty Images)

Apple, Nvidia, and Microsoft will spend the next year racing to hit $4 trillion market capitalizations, Wedbush analyst Dan Ives said in a research note Wednesday.

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An Apple store in San Francisco, California, US, on Tuesday, June 11, 2024.
An Apple store in San Francisco, California, US, on Tuesday, June 11, 2024.
Photo: David Paul Morris/Bloomberg (Getty Images)

Apple decided it had enough time standing in the shadows. After five long months of trailing behind Microsoft — and even Nvidia, as of last week — Apple has once again reclaimed its spot as the world’s most valuable company.

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French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France.
French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France.
Photo: Chesnot (Getty Images)

Mistral AI, OpenAI’s French rival that’s also backed by Microsoft, was reportedly seeking to more than double its valuation to $5 billion in April. In May, that goal was upped to $6 billion. Mistral achieved that goal Tuesday, announcing that it raised 600 million euros, or $645 million, in a funding round valuing the company at $6.2 billion.

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hand checking boxes on a mail-in ballot
Photo: Laurence Dutton (Getty Images)

Generative artificial intelligence chatbots have proven to not be good at answering questions about the upcoming election — but one mayoral candidate said if he wins his election, he’ll use a chatbot to make all the decisions.

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Mira Murati wearing a red suit and blue shirt speaking into a mic at a podium
Mira Murati at The Metropolitan Museum of Art on May 6, 2024 in New York City.
Photo: Slaven Vlasic (Getty Images)

After Elon Musk described Apple’s plan to integrate OpenAI’s ChatGPT into iPhones as “creepy spyware,” one of the company’s executives pushed back.

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view through office window of people at their desks
Photo: Helen King (Getty Images)

With the rise of generative artificial intelligence in the workplace, the half-life of skills — or the metric that estimates how long, on average, a skill may be useful in someone’s career — is getting lower and lower, an AI expert says.

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Image for article titled Nvidia's stock surge, ChatGPT on iPhones, and OpenAI rakes in cash: AI news roundup
Photo: Jakub Porzycki/NurPhoto (Getty Images)

Apple has been working on generative artificial intelligence for a long time: The company launched its voice assistant Siri in 2011. But it was caught empty-handed when the craze over AI caught fire — its flames fed by consumers, investors, and Big Tech companies scrambling to claim responsibility for the world’s latest and greatest AI technologies.

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Apple's AI plans leave a golden path for Google, analysts say
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Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California.
Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California.
Photo: Justin Sullivan (Getty Images)

When asked about the biggest benefits of Apple’s newly announced set of AI tools — aptly named Apple Intelligence — CEO Tim Cook’s answer is simple: privacy.

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Apple’s AI strategy will open doors for rivals rather than close them.

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Tim Cook, chief executive officer of Apple Inc., left, and Craig Federighi, senior vice president of software engineering at Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.
Tim Cook, chief executive officer of Apple Inc., left, and Craig Federighi, senior vice president of software engineering at Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.
Photo: David Paul Morris/Bloomberg (Getty Images)

During Apple’s annual Worldwide Developers Conference (WWDC), the company announced its new AI initiative, Apple Intelligence, which includes a major AI-powered update to Siri and AI tools for a range of Apple apps. And just before the WWDC keynote address wrapped up, Apple finally unveiled that it is partnering with OpenAI to integrate ChatGPT 4-o into its latest iPhone operating system (iOS 18), iPadOS 18, and macOS Sequoia.

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elon musk with his hands put together in front of his face
Elon Musk at the Beverly Hilton Hotel on May 6, 2024 in Beverly Hills, California.
Photo: Apu Gomes (Getty Images)

Apple finally unveiled its generative artificial intelligence plans involving OpenAI and ChatGPT — and not everyone is happy.

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Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California.
Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California.
Photo: Justin Sullivan (Getty Images)

Apple announced ‘Apple Intelligence,’ its new collection of AI features, during its Worldwide Developers Conference on Monday, and CEO Tim Cook and other executives made clear that Apple’s “personal intelligence” will take on the complex task of ensuring safety and personalization in the competitive AI market.

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 Apple CEO Tim Cook speaks before the start of the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California.
Apple CEO Tim Cook speaks before the start of the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California.
Photo: Justin Sullivan (Getty Images)

Apple’s Worldwide Developers Conference is a chance for Apple executives to pretend they’re rockstars. This year is no different.

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Tim Cook at Apple WWDC.
Tim Cook at Apple WWDC.
Screenshot: Apple

Apple left viewers guessing whether it would reveal a major deal with OpenAI for nearly two hours during its Worldwide Developers Conference.

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Todd McKinnon wearing a blue button down and grey suit jacket speaking
Okta CEO Todd McKinnon during a Bloomberg Technology interview in San Francisco, California on April 4, 2022.
Photo: David Paul Morris/Bloomberg (Getty Images)

Microsoft may be leading the generative artificial intelligence race with OpenAI by its side, but the partnership might end up helping Google, a cybersecurity leader said. 

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close up of Nvidia logo surrounded by branches
Nvidia headquarters
Photo: Justin Sullivan (Getty Images)

The generative artificial intelligence boom has propelled chipmaker Nvidia to new highs, including entry to the $3 trillion market cap club. With an employee count just shy of 30,000, each of its employees is now worth over $100 million.

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Rene Haas speaks in front of a backdrop that says Arm at a podium that says Nasdaq
Arm CEO Rene Haas at the Nasdaq MarketSite on September 14, 2023 in New York City.
Photo: Michael M. Santiago (Getty Images)

Nvidia already has the successors for its newest artificial intelligence platform lined up — and that speed can be attributed to its “very unique culture,” according to another chip design leader. 

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