Apple finally introduced its artificial intelligence strategy.
Apple stock rallied by close to 7% in Tuesday's trading, after the company unveiled a slew of artificial intelligence-focused features for its iPhones, iPads, and Macs. The company is calling the new tools Apple Intelligence and is pitching the features as AI for everyday users.
When will Apple and OpenAI's new partnership make money for either company? According to a report Wednesday (June 12) from Bloomberg News, not right away.
Apple's (NASDAQ: AAPL ) recent Worldwide Developers Conference in Cupertino (Apple WWDC 2024) brought about some rather intriguing developments and collaborations that investors are clearly still pricing into this stock. Most notably, the company introduced a range of AI-powered features in a key collaboration with OpenAI.
It has been less than two years since ChatGPT 3.5's release opened the capital floodgates for AI. Yet, in that short period, Nvidia (NASDAQ: NVDA ) briefly surpassed Apple's (NASDAQ: AAPL ) market cap of $3 trillion, having increased its valuation by 643% since November 2022.
Palantir Technologies offers commercial artificial intelligence solutions to enterprise-level customers. The way computers work is on the verge of a major revolution, largely led by IonQ.
New artificial intelligence (AI) features coming to Apple's iPhone could lead to strong demand this fall. Microsoft is enjoying strong momentum as it rolls out AI features across its product offerings.
Apple's big move wasn't getting into AI; it's where the inference is being done.
Apple's new AI capabilities could help the company emerge as the top leader in edge AI at Nvidia's expense. Unlike most tech giants, Apple doesn't plan to use Nvidia's GPUs in its AI cloud service.
Apple (AAPL) briefly reclaimed its place as the world's most valuable company from Microsoft (MSFT) on Wednesday as shares of both companies rose to record highs amid anticipation of growth fueled by artificial intelligence (AI).
A handful of Big Tech names has outsized power on the market's trajectory.
The title of “World's Most Valuable Company” belongs to Apple once again. As of mid-afternoon Wednesday (June 12), the iPhone maker's market capitalization stood at $3.38 trillion, putting it ahead of Microsoft — $3.29 market cap — for the first time in months.