Fearing increased antitrust scrutiny, both Apple and Microsoft are distancing themselves from OpenAI. Microsoft vacated its observer seat on the board, and Apple has now opted not to take up a similar position. Camilla Hodgson and George Hammond for Financial Times: ‎ Microsoft, which has invested $13bn in the maker of the generative AI chatbot ChatGPT, said in a letter to OpenAI that its withdrawal from its board role would be “effective immediately”. Apple had also been expected to take an observer role on OpenAI’s board as part of a deal to integrate ChatGPT into the iPhone maker’s devices, but would not do so, according to a person with direct knowledge of the matter. OpenAI would instead host regular meetings…

Microsoft employees in China must use iPhones per a new policy mandate, as the tech giant tries to emphasize security Android can't provide. (via Cult of Mac - Apple news, rumors, reviews and how-tos)

Microsoft has informed employees in China that, starting in September, they’ll only be able to use real iPhones for work, killing the use of Android-based phones from the workplace. Bloomberg News: ‎ The US company will soon require Chinese-based employees to use only Apple Inc. devices to verify their identities when logging in to work computers or phones, according to an internal memo reviewed by Bloomberg News. The measure, part of Microsoft’s global Secure Future Initiative, will affect hundreds of workers across the Chinese mainland and is intended to ensure that all staff use the Microsoft Authenticator password manager and Identity Pass app. The move highlights the fragmented nature of Android app stores in the country and the growing differences…

GPU-maker Nvidia Corporation, the maker of chips used to power artificial intelligence, has overtaken Apple and Microsoft to become the world’s most valuable public company. Louisa Clarence-Smith for The Sunday Times: ‎ Shares in the chip-maker climbed 3.8 per cent in afternoon trading on Tuesday to $135.93, lifting its market valuation to around $3.35 trillion. Nvidia’s rally dethroned Microsoft from the top spot as investors bet on the chip-maker continuing to play a central role in the AI market. Earlier this month, Nvidia overtook Apple to become the second-most valuable company, before Apple fought back as its shares were lifted by the release of its AI strategy, including a partnership to bring OpenAI’s ChatGPT technology to Apple devices. Support MacDailyNews…

Apple is again the world's most valuable publicly traded company. Learn how a surge in its share price is fueled by embracing AI. (via Cult of Mac - Apple news, rumors, reviews and how-tos)

As Nvidia joins the two companies with market values north of $3 trillion, Microsoft and Apple, the $3T Trio dominate the S&P 500 in historic fashion. Brian Swint for Barron’s: ‎ Joining Microsoft and surpassing Apple is quite an achievement, and it certainly helped the S&P 500 and Nasdaq hit new records Wednesday. But this trio now makes up more than 20% of the S&P giving them a disproportionate amount of sway. [T]he rising tide that’s buoying Nvidia won’t lift all boats. It’s benefiting from ever-growing optimism about the possibilities of artificial intelligence. The chip maker, along with firms such as Taiwan Semiconductor and chip machine maker ASML, is selling something akin to what were picks and shovels in the…