Apple (AAPL) is reportedly closing a deal with OpenAI to include its technology on iPhones. The companies are set to finalize the terms of an agreement to include ChatGPT on iOS 18. ChatGPT is among the leading AI services. As iPhone sales slumped last quarter, the partnership with OpenAI could be Apple's latest move to innovate the iPhone and increase sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
U.S. stock indexes edged higher on Monday, nearing record peaks following a recent run of gains, with investors awaiting key inflation figures this week to gauge the likelihood of interest rate cuts in 2024. The indexes were back near all-time highs hit in March, boosted by stronger-than-expected earnings reports and signs of a cooling labor market that have fueled bets of one or two rate cuts by the U.S. Federal Reserve this year.
Apple reportedly is close to a deal with ChatGPT creator OpenAI to use its generative AI technology on iPhones.