It's been nearly two weeks since Tim Cook and Apple (NASDAQ: AAPL ) launched Apple Intelligence, its personal intelligence system for the company's various products. Late to the AI game, Apple stock has moved higher on the news.
Apple has grown into my largest stock position. The company has a high valuation even though its growth has slowed.
Amazon has been growing faster and will look to invest heavily in AI to spur growth. Apple has a boatload of cash and will look to benefit from an AI hardware-driven upgrade cycle.
Facebook parent Meta Platforms has discussed integrating Meta's generative AI model into Apple Inc's recently announced AI system for iPhones, the Wall Street Journal reported on Sunday.
Apple announced it will offer Apple Intelligence on newer iPhones soon, partnering with ChatGPT. Investment bank Bernstein sees four ways Apple could profit from AI.
Chipmaker Nvidia became the most valuable publicly traded U.S. company for a period this week, topping Apple and Microsoft. However, Nvidia is nowhere to be found on the list of best-known brands, while tech peers Apple, Microsoft, Amazon and Google are at the top.
In the most recent trading session, Apple (AAPL) closed at $207.49, indicating a -1.04% shift from the previous trading day.
Apple will reportedly withhold several new technologies from consumers in the European Union (EU). The company will block the release of Apple Intelligence, iPhone Mirroring and SharePlay Screen Sharing in the EU this year, citing the Digital Markets Act (DMA) as the reason, Bloomberg reported Friday (June 21).
IATSE is continuing its push to unionize visual effects workers, this time setting its sights on Apple Studios. The guild announced Friday that it has filed for a National Labor Relations Board election after a supermajority of the 17 employees across six Apple series have signed authorization cards.
Apple says competition rules that require functionality with rival products would compromise privacy and security
Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of "regulatory uncertainties" linked to the EU's new landmark legislation to curb the power of big tech.
Apple said it is choosing not to roll out three new features, including its Apple Intelligence AI product, to the European Union over privacy concerns it says stem from the Digital Markets Act. The DMA requires that services be interoperable across platforms, to promote competition and stymie the "gatekeeper" effect that some large companies, including Apple, have.