Google's deal to acquire OpenAI's technology is a strategic move considering their financial capacity and existing relationship. It is observed that investing in AI at an early stage does not require perfection. OpenAI is leveraging its power to increase the cost of using GPT-4, indicating that future versions will likely be more expensive. Apple, being concerned about potential terms influenced by Microsoft's leverage over OpenAI, would not want to be subject to unfavorable conditions. The high cost of becoming the search default on the iPhone demonstrates the substantial financial investments required for strategic partnerships in the tech industry.
Chipotle’s epic run makes it the latest big name to split its stock, we talk about why its good for the options market and why Chipotlanes and breakfast are still huge levers for CMG.
(00:13) Tim Beyers and Dylan Lewis discuss:
- Chipotle’s historic 50-for-1 stock split and why the burrito-maker still has plenty of growth ahead of it.
- Apple and Google-parent Alphabet’s talks to bring Gemini into the iPhone, and why it’s a no-brainer for both businesses.
(13:48) Motley Fool Money’s Mary Long caught up with Lauren Sherman, a fashion correspondent at Puck to talk about Abercrombie and Fitch’s turnaround and epic 2023.
Companies discussed: CMG, AAPL, GOOG, GOOGL, ANF
Host: Dylan Lewis
Guests: Tim Beyers, Mary Long, Lauren Sherman
Engineers: Rick Engdahl
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