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Bloomberg Intelligence
OpenAI Board Plans, Powell House Testimony
Jul 10, 2024
Mandeep Singh discusses Microsoft and Apple backing out of OpenAI board roles due to regulation. Steve Matthews previews Fed Chair Powell's testimony and inflation concerns. They also explore monetizing AI across sectors and AI impact on businesses.
16:10
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Quick takeaways
- Microsoft and Apple withdrew from OpenAI board roles due to regulatory scrutiny over AI influence.
- OpenAI's unique structure challenges traditional acquisition avenues amidst growing AI industry impact.
Deep dives
Microsoft and Apple Drop Open AI Board Plans
In a surprising decision, Microsoft and Apple have withdrawn their plans to take board roles at OpenAI due to growing regulatory scrutiny concerning their significant influence over artificial intelligence. This move reflects concerns about independence and conflicts of interest, especially as Microsoft holds a 49% stake in OpenAI.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode