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Technology / Wed, 03 Jul 2024 Business Standard

Apple poised to get OpenAI board observer role as part of AI pact: Report

Apple will get an observer role on OpenAI's board as part of a landmark AI agreement announced last month, Bloomberg News reported on Tuesday. Phil Schiller, the head of Apple's App Store and its former marketing chief, was chosen for the position, the report said. The board arrangement will take effect later this year, and Schiller has not yet attended any meetings, according to the report. An observer can attend board meetings without being able to vote or exercise other powers that directors usually have, according to the report. Observers, however, do gain insights into how decisions are made at the company.

Apple will get an observer role on OpenAI's board as part of a landmark AI agreement announced last month, Bloomberg News reported on Tuesday.

Phil Schiller, the head of Apple's App Store and its former marketing chief, was chosen for the position, the report said.

The board arrangement will take effect later this year, and Schiller has not yet attended any meetings, according to the report.

An observer can attend board meetings without being able to vote or exercise other powers that directors usually have, according to the report. Observers, however, do gain insights into how decisions are made at the company.

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