GOOGL Jun 2024 2150.000 call

OpenAI's GPT-4o: Google, Apple at 'risk' if they don't catch up

OpenAI announced a new flagship chatbot called GPT-4o, which can operate in 50 different languages with improved speed and quality, according to Chief Technology Officer Mira Murati. This announcement comes ahead of a potential deal between OpenAI and Apple (AAPL) to put ChatGPT in iPhones, Bloomberg reports. Moor Insights & Strategy Founder and CEO Patrick Moorhead joins Market Domination to give insight into the announcement from OpenAI and its potential deal with Apple. Moorhead outlines why this announcement was important for OpenAI despite lagging evidence about the impact of AI adoption: "Technology is always slower to be adopted than we all think it's going to. In Silicon Valley, it comes overnight. But the reality is to hit typical consumers and even businesses come years after use. But you have to show off the latest and greatest to get people excited. It's kind of like the beginning of an investment bubble, right? Let's get everybody excited. Let's show the capability we're going to hit the trough of disillusionment at some point, but it's to get people tied in." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino