Apple plans to allow other companies' voice-controlled artificial intelligence (AI) chatbots to operate within its vehicle interface, CarPlay, Bloomberg reported Friday (Feb. 6), citing unnamed sources. The company is working to support these third-party apps in CarPlay and plans to make this capability available to AI providers within months, according to the report.
Apple Inc. ( NASDAQ:AAPL ) is preparing to open CarPlay to third-party AI chatbots including ChatGPT, Google Gemini, and Anthropic's Claude within the coming months, according to Bloomberg's Mark Gurman.
Risk-off sentiment is driving sharp sell-offs in Bitcoin and major software stocks, with investors reallocating away from stretched tech valuations. AI-driven CapEx arms race at Alphabet (GOOGL) and Amazon (AMZN) is sparking concerns about profitability and sector disruption, despite strong revenue growth.
Big Tech companies have seen over $1 trillion wiped from their stocks, according to FactSet data. Fears over AI spending sparked the sell-off.
Apple Inc. is scaling back plans for an AI-based health coach, a retreat that underscores the difficulty of turning health tracking into a paid service. The shift matters for Apple's wearables and services goals.
Apple has been long criticized for its lack of an AI strategy, but now the company's more measured approach to spending looks attractive.
An odd thing happened on the road to AI dominance. The market became concerned about the large investments and intense competition among companies such as Amazon (NASDAQ: AMZN), Meta (NASDAQ: META), and OpenAI.
The European Commission said Apple Ads and Apple Maps should not be designated under the EU's Digital Markets Act, citing Apple Maps' relatively low usage in the EU and the limited scale of Apple Ads in the EU online advertising market.
Although former Berkshire Hathaway (NYSE:BRK-B) CEO Warren Buffett retired as the company's chief executive, his legacy looms large.
Apple maintains a dominant position in smartphones and personal computers, supported by robust net sales and significant market share. Gross margin strength and growing services revenue underscore AAPL's profitability, despite some category-specific sales headwinds. Valuation appears stretched relative to peers, but AAPL's growth prospects and capital allocation discipline provide a supportive backdrop.
Most investors eventually discover they're paying too much for too little. The average actively managed mutual fund charges around 1% annually, and even popular index funds from legacy providers can run 0.10% to 0.20%.
Apple Inc (NASDAQ:AAPL) stock has been climbing since its late January lows, last seen up 0.6% to trade at $271.69 and pacing for a third-straight pop with help from record iPhone sales.