Apple's OpenAI Deal Under Scrutiny After Judge Orders Contract Disclosure

Apple's agreement with OpenAI has come under scrutiny after a federal judge ordered X and SpaceXAI to hand over their contract with Apple. The deal, which integrated ChatGPT into Apple Intelligence, has raised questions about its exclusivity.

The shares of AAPL have gained 0.2% to $333.09 since the news broke out. However, this still leaves them trading 16.41% above their GF Value of $286.14, indicating that investors are paying a premium for Apple's current growth and platform economics.

OpenAI is seeking the agreement as it defends against claims related to Apple's decision to integrate ChatGPT. The documents have yet to be made public, but could reveal details about any payment structure or operating concessions tied to the deal.