Luxshare saw its shares jump about 10% following a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device.
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Shenzhen-listed Luxshare
saw its shares jump about 10% on Monday, following a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device.
The company, which is also a supplier for Apple
, is already developing a prototype of the device using ChatGPT large language models, The Information reported Friday, citing people familiar with the matter.
Qualcomm will be working alongside MediaTek to develop a smartphone chip for OpenAI, with manufacturer Luxshare co-designing the…
The deal gives the ChatGPT creator the option to take up to a 10% stake in the Nvidia rival.
The reported talks have been for a potential AI deal between the two giants.
OpenAI, the creator of ChatGPT, has inked a number of blockbuster deals this year, aiming to ease constraints on computing power.
“I would love to tell them they could just short the stock, and I would love to see them get burned on that.”
The CEO of Ritholtz Wealth Management made his comments following a report from The Information, citing people familiar, that…
