financetom
Business
financetom
/
Business
/
Apple, Meta not in talks currently for AI partnership, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Apple, Meta not in talks currently for AI partnership, Bloomberg News reports
Jun 24, 2024 4:15 PM

(Reuters) - Apple ( AAPL ) has rejected overtures by Meta Platforms ( META ) to integrate the social networking company's AI chatbot into the iPhone months ago, Bloomberg News reported on Monday, citing people with knowledge of the matter.

The companies are not in discussions for an AI partnership involving Meta's Llama chatbot and only held brief talks in March, the report said.

Discussions about a potential partnership did not reach a formal stage and Apple ( AAPL ) was not actively planning on integrating Llama into iPhones, because it does not consider Instagram owner Meta's privacy practices stringent enough, according to Bloomberg News.

The preliminary talks took place around the time Apple ( AAPL ) started hashing out deals to use OpenAI's ChatGPT and Alphabet's Gemini in its products, the report said.

Apple ( AAPL ) unveiled its long-awaited AI strategy at its annual developer conference earlier in June, bringing OpenAI's chatbot ChatGPT to its devices and integrating its new "Apple Intelligence" technology across its suite of apps, including virtual assistant Siri.

Apple ( AAPL ) and Meta did not immediately respond to Reuters requests for comment.

On Sunday, the Wall Street Journal was the first to report the news of the talks between the companies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Electra Battery Materials Down 1.1% As Updates On Financing Strategy For North America Refinery
Electra Battery Materials Down 1.1% As Updates On Financing Strategy For North America Refinery
Sep 11, 2024
08:23 AM EDT, 09/10/2024 (MT Newswires) -- Electra Battery Materials Corporation ( ELBM ) was at last look down 1.1% in US premarket on Tuesday as it provided an update on its financing strategy for North America's first battery grade cobalt refinery, announcing that it has received a non-binding term sheet for a US$20 million prepayment facility from an arms-length...
What's Going On With NIO Shares Tuesday?
What's Going On With NIO Shares Tuesday?
Sep 11, 2024
Chinese EV manufacturer NIO Inc. ( NIO ) shares are trading lower in the premarket session on Tuesday. According to Benzinga Pro, NIO stock has lost over 46% in the past year. Investors can gain exposure to the stock via Invesco Golden Dragon China ETF ( PGJ ) and KraneShares Electric Vehicles and Future Mobility Index ETF . Today, Chinese automotive powerhouse...
Vista Outdoor Mulls MNC's Revised Acquisition Offer; Shares Rise 3.2% Pre-Bell
Vista Outdoor Mulls MNC's Revised Acquisition Offer; Shares Rise 3.2% Pre-Bell
Sep 11, 2024
08:23 AM EDT, 09/10/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Tuesday that it continues to hold talks with MNC Capital about the latter's revised proposal to acquire Vista for $43 per share in cash. Vista said it has not yet made any decision regarding the revised proposal, which was submitted Friday. Shares of the company were up...
Montrose Environmental Acquires Colorado-Based Origins Laboratory
Montrose Environmental Acquires Colorado-Based Origins Laboratory
Sep 11, 2024
08:25 AM EDT, 09/10/2024 (MT Newswires) -- Montrose Environmental Group ( MEG ) said Tuesday it has acquired Origins Laboratory, a Denver, Colorado-based environmental laboratory. Financial terms of the acquisition weren't disclosed. The company will merge Origins into its measurement and analysis segment, Montrose added. Origins will operate as part of the company's enthalpy analytical unit. Shares of the company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved