A vital lesson for Nigerian companies: a critical playbook in business is knowing when to partner with other companies. Businesses are like organic systems where timing is important. Yes, that is why we have emergency services and ambulances to get people quickly to clinics when bad things happen.
The AI is causing massive dislocations in markets, and many industrial sectors need tech-emergency services to stay relevant. Would you prefer to do it alone or find ways to work with the category-kings?
Microsoft is anchoring a part of its future on ChatGPT’s OpenAI technology. Apple has joined the party despite its heritage of being a fandom company. Yes, overcome the pride and look at what works, and most times, working with others helps.
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Apple and OpenAI have successfully concluded a deal to integrate OpenAI’s generative AI technology into Apple’s software ecosystem, marking a significant milestone for both companies.
This development was reported by The Information, citing a source familiar with discussions between OpenAI CEO Sam Altman and Apple.
According to The Information, Altman has long aimed to secure a partnership with Apple, envisioning substantial benefits for OpenAI. “Now, [Altman] has fulfilled a longtime goal by striking a deal with Apple to use OpenAI’s conversational artificial intelligence in its products, which could be worth billions of dollars to the startup if it goes well,” stated the source.
The greatest problem in business is when you do not know that you need help. And one of the biggest challenges to success is thinking that because you came first in the classroom that you would come first in the market, without knowing that the exams are different. And until you change that attitude, you will be disappointed.
Apple is in another era and it is working to win with partnership. Nigerian firms must learn to PARTNER, and where necessary MERGE. Yes, not everyone should be a CEO when it is obvious that more value would be created if the two companies combine for one, deepening economies of scale. More here
Apple and OpenAI Strike Major Deal: Integrating AI Technology into Apple Software
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