APPLE TO ‘PAY' OPENAI FOR CHATGPT THROUGH DISTRIBUTION, NOT CASH

Summary from the TLDR newsletter

Apple and OpenAI's partnership isn't expected to generate meaningful revenue for either party, at least at the beginning. Apple believes that pushing OpenAI's brand and technology to its devices is of equal or greater value than monetary payments so it isn't paying OpenAI as part of the deal. The deal isn't exclusive - Apple is already discussing offering other chatbots as additional options. Apple eventually plans to make money from AI by striking revenue-sharing agreements with AI partners.