Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News July 03 2024 - 6:59AM IH Market News
Apple (NASDAQ:AAPL) – Apple will obtain an observer role on the OpenAI board as part of an AI agreement, with Phil Schiller chosen for the position. This arrangement will allow Schiller to attend board meetings without voting rights, starting later this year. In other related news, a former Apple corporate law director convicted of insider trading was ordered to pay a $1.15 million fine by the U.S. SEC after avoiding prison. Gene Levoff admitted to illegal trades based on insider information about the company’s earnings announcements. Additionally, Apple is trying to amend a court document in China even after winning the case, highlighting the delicacy of its position in the world’s largest smartphone market. The company wants to remove references to its “dominant position” and phrases suggesting “unfair pricing could harm consumers” in the final decision.
Market Data 
Markets 
AI
