Here's your summary from Microsoft, Apple Drop OpenAI Board Plans | Bloomberg The Pulse 07/10/24 (https://www.youtube.com/watch?v=BVmu5bNTmxg) on the Bloomberg Television channel:
### TLDR:
Microsoft and Apple have relinquished their seats on OpenAI's board due to growing scrutiny from antitrust regulators on big tech's influence over artificial intelligence.
### Key Points:
1. Microsoft invested $13 billion in OpenAI but decided their limited role as an observer was no longer necessary.
2. Both Microsoft and Apple are facing regulatory scrutiny regarding their dominance in generative AI.
3. OpenAI is focusing on AI's impact on drug discovery and development in healthcare, with $3.6 billion raised for ventures in health, sustainability, and AI.
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