Apple is expected to receive an observer position on the OpenAI board

On July 3, Apple (AAPL. O) will serve as an observer on the OpenAI board as part of a landmark agreement announced last month, further strengthening the partnership between the two parties. Phil Schiller, head of Apple's App Store and former head of marketing, will take up the position, according to people familiar with the matter. As a board observer, he will not serve as a full director. In June, Apple announced it would offer ChatGPT on iPhone, iPad and Mac as part of a suite of artificial intelligence features. The board's arrangement will take effect later this year, and Schiller has not yet attended any meetings, the people said. The specifics are still subject to change.