📶 OpenAI is coming to the iPhone

Every new AI feature from Apple's WWDC, the most-active investors in May, American AI companies are poaching talent from China, and 'anti-woke' shareholders are going after corporate boards

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People are still unpacking all of the announcements from Apple’s WWDC.

The biggest one that most people (ourselves included) is the OpenAI integration announcement and the question about whether Apple is trading its privacy-focused brand in exchange for the licensing agreement.

That combined with the fact that OpenAI is owned by Microsoft and ChatGPT has already exhausted the internet for training data has a lot of people scratching their heads.

Only time will tell … we should know the answer in a few years.

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Apple // OpenAI 🤖

  • Apple Intelligence: every new AI feature coming to the iPhone and Mac (The Verge)

  • Global Ad Revenue Will Hit $1 Trillion Faster Than Expected, GroupM Forecast Says (The Wall Street Journal)

  • ‘Anti-Woke’ Shareholders Are Going After Corporate Boards (The Wall Street Journal)

  • Elon Musk threatens to ban Apple devices from his companies over Apple’s ChatGPT integrations (TechCrunch)

  • The VC queen of portfolio PR, Masha Bucher, has raised her largest fund yet: $150M (TechCrunch)

  • Most-Active US Investors In May: Andreessen Horowitz And General Catalyst Lead Month With A Lot Of Big Rounds (Crunchbase)

  • Gen AI’s prompt for GPs: Are you a disruptor or a disruptee? (Pitchbook)

  • Battery Ventures is rethinking how it assesses revenue quality in its industrial tech and life science tools practice. (Fortune)

  • New York to Sign Bill into Law Banning ‘Addictive’ Algorithms for Children (The Information)

  • American AI Startups Relocate China-Based Engineers (The Information)


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Here are the results from our poll question in yesterday’s piece:

What are your expectations for Apple Intelligence?

🟩🟩🟩🟩🟩🟩 Excited - I think customers are going to LOVE it (61)

🟨🟨🟨🟨⬜️⬜️ Meh - I think it will work but nothing special (41)

🟨🟨🟨🟨🟨🟨 Not excited - I think it will flop (60)


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