Apple to get observer role on OpenAI's board: Bloomberg

Apple (AAPL) is taking a new step in its relationship with OpenAI. The tech giant has secured an observer role on OpenAI's board, according to a Bloomberg report.

The seat will go to Phil Schiller, Apple's former marketing chief, who will be critical in providing Apple with key insight into OpenAI. Schiller will be allowed to attend board meetings but will not be able to vote or exercise any other director powers.

This move comes after Apple announced at its Worldwide Developers Conference in June that it would begin integrating OpenAI's ChatGPT into its devices.

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This post was written by Melanie Riehl

Video transcript

A new step in Apple's relationship with open A I just learning that the tech giant has secured an observer role on open A is board.

This is according to a report from Bloomberg, that seat is gonna go to Phil Schiller.

Apple's former marketing chief, Schiller is a long time tested veteran in Cupertino.

According to Bloomberg, uh this job would allow someone to attend board meetings without being able to vote, exercise other director powers, but certainly would, would potentially give this person a whole lot of insight.

Um Of course, we also following Apple's announcement and its big software show in June that it was going to offer open A I Chat G BT in its devices, Shana and Josh, this really puts Apple on par with Microsoft in terms of that observer role that they are going to have on open A I board.

And like you just said, this person is not have voting rights, but again, they gained that valuable insight into open A I and how exactly the business is being run right now.

And when we talk about the impact obviously open A I has had on the A I story has been far from a leader within this space.

So again, Apple now having this observer role, a seat on the board very significant.

And you would think potentially that the street could be viewing this as a bullish move here for the tech giant going forward.