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Appearances Over Time
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Amazon has called dibs too, with some conditions.
In exchange for the e-commerce giant's billions, OpenAI will lean more on its chips and cloud computing services.
That'll do little to calm worries about AI's circular financing, with the same few firms passing cash to each other.
No one's doubting that AI companies need cash.
Training and running chatbots is eye-wateringly expensive.
But investors are increasingly skeptical of whether those businesses will ever turn a decent profit.
That's one reason why OpenAI now shows ads to FreeChat GPT users, hoping to turn their late-night conversations and workplace breakdowns into meaningful revenue.
Still, it's a gamble.
Rival perplexity has walked away from ads, arguing they undermine trust in its answers โ something that could eventually sap engagement and market share.
The likes of OpenAI and Perplexity are busy building the smartest brains, but Apple is far more focused on the body than what's going on upstairs.
The firm is reportedly designing three AI-powered wearables โ smart glasses, camera-equipped AirPods, and a pendant โ looking to cash in on AI with its design chops rather than duking it out with the cerebral crowd.
Still, the firm's not snubbing the brainiacs.
Last month, Apple struck a deal with Alphabet to use its Gemini smarts in Siri for $1 billion per year.
That difference in focus helps explain why the correlation โ a measure of how closely things move together โ of Apple's stock with the tech-heavy Nasdaq has fallen to a two-decade low.
Before we dive into the next story, it's time for our daily check-in with Carl.
You've got questions, he's got answers.
Carl, what have you got for us?
Thanks, Carl.
Next up!
The International Monetary Fund thinks that China's too reliant on everyone else's dime, saying it's time the country's own shoppers picked up more of the tab.