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Apple needs to release GenAI services soon — or risk Nvidia overtaking it in value, analyst says. The prediction comes as Apple suffers a decline in iPhone sales in China. Apple is shifting its focus further towards generative AI after killing its electric car project. One key reason Apple may need to ramp up its generative AI efforts is because of iPhone sales headwinds. Leaders of the project reportedly said it nixed the car so employees on that team could instead work on generative AI.
Persons: , Chi Kuo, Apple, Kuo, catchup, Tesla, Tim Cook hasn't, Microsoft's GitHub, Cook, Kuo didn't Organizations: Nvidia, Apple, Service, Twitter, Google, Counterpoint Research, Huawei, Microsoft, Bloomberg Locations: China
Meta CEO Mark Zuckerberg is perfectly willing to return the favor. "Apple has sort of singled themselves out as the only company that is trying to control unilaterally what apps get on a device," Zuckerberg said. "They've always made it so you can sideload and have other app stores and work directly with phone manufacturers," Zuckerberg said. "I would guess that not everything is going to work, but I think some things might work," Zuckerberg said. "I tend to think that I don't want one person or one company making those decisions, which is why we pioneered this oversight board for our content decisions," Zuckerberg said.
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