Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, The Wall Street Journal reports.

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	Forwarded this email? Subscribe here for more Apple drops out of talks to join OpenAI investment round MacDailyNews Sep 30   READ IN APP   Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, The Wall Street Journal reports. Tom Dotan and Berber Jin for The Wall Street Journal: ‎ Apple is no longer in talks to participate in an OpenAI funding round expected to raise as much as $6.5 billion, an 11th hour end to what would have been a rare investment by the iPhone maker in another major Silicon Valley company. Apple recently fell out of the talks to join the round, which is slated to close next week, according to a knowledgeable person. Two other tech giants, Microsoft and Nvidia, have also been in talks to participate in the round. Microsoft is expected to invest around $1 billion, adding to the $13 billion it already has put into the company, according to people familiar with matter.  ‎ MacDailyNews Note: OpenAI is also attempting the complicated process of overhauling its corporate structure from a nonprofit into a for-profit company. Whether it succeeds in doing so remains in question. We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Read on Substack ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple drops out of talks to join OpenAI investment round appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

Apple’s next frontier could be ‘homeOS’ running two new smart display products, according to Bloomberg News’ Mark Gurman, one of which may be an iPad-like display on a self-actuating robotic arm.

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	Forwarded this email? Subscribe here for more Apple’s next frontier likely to be ‘homeOS’ running two new smart display products MacDailyNews Sep 30   READ IN APP   Apple’s next frontier could be ‘homeOS’ running two new smart display products, according to Bloomberg News’ Mark Gurman, one of which may be an iPad-like display on a self-actuating robotic arm. Mark Gurman for Bloomberg News: ‎ Apple is taking another crack at the smart home market — an area where it’s had mixed results so far. As I’ve discussed before, the most significant product in development is a tabletop device code-named J595 that combines a robotic limb with a large, iPad-like display. It’s also working on one dubbed J490, a low-end smart display for using FaceTime and controlling home appliances. The latter product is slated to be launched as early as next year. And it could ultimately be the lower-end companion to the robotic device, which may cost $1,000 or more. The Apple Intelligence tools will be at the heart of both products, helping the company bring AI into the home. Its current home lineup — the Apple TV, HomePod and HomePod mini — doesn’t have the hardware needed to run AI models on the devices themselves. Beyond adding Apple Intelligence, these new products will run a new operating system called homeOS. This move follows Apple’s playbook: Each of its major hardware categories has its own operating system — a variation of macOS or iOS. Apple TV already has software called tvOS, and this will be the basis for homeOS. I expect both of the operating systems to ultimately get combined and run on every Apple home device. Both of the new products are considered collaborations between Apple’s artificial intelligence and home device hardware engineering groups. The low-end smart display is designed to run apps like Calendar, Notes and Home, and will include an interface optimized for controlling home appliances and quickly seeing information. ‎ MacDailyNews Take: We’re hoping “HomePad” can bring real Apple Intelligence features to simple things like playing the user’s desired tracks correctly via Siri – something with which HomePod struggles, sometimes mightily – along with more complex, real time-saving innovations. We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Read on Substack ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple’s next frontier likely to be ‘homeOS’ running two new smart display products appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

Apple Intelligence hasn’t hit the market yet, but when it finally does, the company could make a lot of money with a “smarter Siri,” according to an analyst at BofA Securities.

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	Forwarded this email? Subscribe here for more Apple Intelligence can bring in billions of revenue with a ‘smarter Siri’ MacDailyNews Sep 27   READ IN APP   Apple Intelligence hasn’t hit the market yet, but when it finally does, the company could make a lot of money with a “smarter Siri,” according to an analyst at BofA Securities. Angela Palumbo for Barron’s: ‎ Apple launched its iPhone 16 on Sept. 9 at its Glowtime event, but the phone reached stores on Sept. 20 without GenAI capabilities. That has left Wall Street with a lot of questions, like whether iPhone demand will improve once Apple Intelligence becomes available? BofA Securities analyst Wamsi Mohan is looking ahead to not only how AI is going to alter the way Siri works, but how the tech company can make money from the changes. He wrote in a research note Friday that the company will use Siri as a virtual assistant that is capable of performing tasks for users like booking a ride, ordering dinner, or scheduling a meeting. “This all begs the question, who will Siri recommend or even book on behalf of the user? Our answer is whoever pays to be presented first to either Siri or the user,” Mohan wrote. “We estimate that deep Siri integration with apps could drive $3bn in revenues in 2026 and could approach ~50bn in a decade,” Mohan wrote. ‎ MacDailyNews Note: Mohan rates Apple stock as a “Buy” with a $256 price target. Interns: Cold medicine, please! We all have raging rhinoviruses to close out the week. You know why. Goodnight! We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Read on Substack ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple Intelligence can bring in billions of revenue with a ‘smarter Siri’ appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe