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☆ How Apple's thinking about AI spending and deployment differs from Big Tech rivals
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +9 min

And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.

Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic

☆ Apple, caught by surprise in generative AI boom, to spend $1 billion per year to catch up: Report
▼ + stars: | 2023-10-23 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Apple is on track to spend $1 billion per year on developing its generative artificial intelligence products, Bloomberg reported. The spending comes as the company plays catch-up to some competitors who have already debuted new AI products and features, such as Google , Microsoft and Amazon , according to the report Sunday. Apple uses AI in its products but hasn't launched a generative AI product along the lines of OpenAI's ChatGPT or Google Bard. For the latter, Apple would use AI to create auto-generated playlists like Spotify does via its partnership with OpenAI. The company is also exploring using AI in Xcode to assist app developers, according to the report.

Persons: Tim Cook, hasn't, Google Bard, Apple GPT, Siri, John Giannandrea, Craig Federighi, Eddy, wasn't Organizations: Apple, Bloomberg, Google, Microsoft, Amazon, Ajax, OpenAI

☆ Apple's been relatively quiet about AI — but it's been pouring billions into research, and that could mean a 'smarter' Siri
▼ + stars: | 2023-10-23 | by ( Sebastian Cahill | Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Since the AI boom began, Apple has been quieter about incorporating the new technology than its peers. To catch up, the company is planning updates to Siri that incorporate AI. His employees are reworking a "smarter " Siri that uses them, per Bloomberg. AdvertisementAdvertisementBut Apple's lag doesn't mean they haven't been thinking of AI before this year: "We've been doing research across a wide range of AI technologies, including generative AI, for years," Cook told Reuters in August. AdvertisementAdvertisementAnd to be sure, while Apple's AI push may have been muted, it is predominantly a hardware company.

Persons: Siri, —, John Giannandrea, Craig Federighi —, Per Forbes, hasn't, Apple, it's, Tim Cook, We've, Cook Organizations: Apple, Bloomberg, Service, Meta, Microsoft, Google, Worldwide, Reuters, Ajax —, Ajax

☆ Meta is developing a new, more powerful AI system, Wall Street Journal reports
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsSept 10 (Reuters) - Meta Platforms (META.O) is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The Facebook parent is aiming for its new AI model to be ready next year, the Journal said, adding it will be several times more powerful than its commercial version dubbed Llama 2. Llama 2 is Meta's open source AI language model launched in July, and distributed by Microsoft's (MSFT.O) cloud Azure services to compete with OpenAI's ChatGPT and Google's (GOOGL.O) Bard. Meta expects to start training the new AI system, known as a large language model, in early 2024, the report added. Businesses and enterprises have flocked to the nascent generative AI market for newer capabilities and refining business processes since the launch of OpenAI's ChatGPT late last year.

Persons: Yves Herman, OpenAI's ChatGPT, Bard, Meta, Google's Bard, Ajax, Nilutpal, Leslie Adler, Diane Craft Organizations: REUTERS, OpenAI, Wall Street, Meta, Bloomberg News, Apple, Thomson Locations: Brussels, Belgium, Bengaluru

☆ Apple has been quiet about ChatGPT. Now Tim Cook says its hefty $22.6 billion research spend is down to generative AI.
▼ + stars: | 2023-08-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Apple's hefty research spending is partly fueled by generative AI, according to CEO Tim Cook. CEO Tim Cook said some of this budget was driven by Apple's work on generative AI. The CEO told Reuters: "We've been doing research across a wide range of AI technologies, including generative AI, for years." In June, the company failed to make a single reference to generative AI during it's two-hour-long WWDC keynote. The CEO said Apple had "been doing research across a wide range of AI technologies, including generative AI, for years" and planned to continue this going forward.

Persons: Tim Cook, We've, Cook, Apple Organizations: Morning, Reuters, Apple, Meta, Microsoft, Google, Bloomberg

☆ Apple and Meta powered the Nasdaq's sizzling rally in July, helping the tech-heavy index wrap up a 5-month winning streak
▼ + stars: | 2023-08-01 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Apple and Meta stocks have been the key drivers of the Nasdaq 100's July rally. Investor excitement around AI still remains high, helping fuel a sizzling rally in tech stocks. Apple and Meta stocks have surged about 51% and 165%% year-to-date, respectively, with the latter's stunning gains helping boost CEO Mark Zuckerberg's fortunes to $120 billion this year. The two stocks helped fuel the Nasdaq 100's 3.81% advance through July, taking its year-to-date rally to almost 44%. The rally in tech stocks has even taken market bulls by surprise, including Morgan Stanley's Mike Wilson.

Persons: Mark Zuckerberg's, OpenAI's ChatGPT, Morgan Stanley's Mike Wilson, Wilson Organizations: Apple, Nasdaq, Service, Twitter Locations: Wall, Silicon

☆ Meta prepares AI-powered chatbots in attempt to retain users - FT
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Meta Platforms (META.O) is preparing to launch a range of artificial intelligence (AI) powered chatbots that exhibit different personalities as soon as September, the Financial Times reported on Tuesday. Meta has been designing prototypes for chatbots that can have humanlike discussions with its users, as the company attempts to boost its engagement with its social media platforms, according to the report, citing people with knowledge of the plans. The Menlo Park, California-based social media giant is even exploring a chatbot that speaks like Abraham Lincoln and another that advises on travel options in the style of a surfer, the report added. The purpose of these chatbots will be to provide a new search function as well as offer recommendations. The Facebook parent reported a strong rise in advertising revenue in its earnings last week, forecasting third-quarter revenue above market expectations.

Persons: Meta, Abraham Lincoln, Google's Bard, Ajax, Rishabh, Rashmi Organizations: Financial Times, Menlo, Facebook, Bloomberg News, Apple, Thomson Locations: , California, Bengaluru

☆ Apple is reportedly developing 'Apple GPT.' It's likely ChatGPT's next big competitor.
▼ + stars: | 2023-07-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Apple is reportedly working on new artificial-intelligence tools, Bloomberg first reported. Some people at the company are dubbing the new chatbot "Apple GPT," Bloomberg said. Apple has finished working on a foundation for its large language models — the systems that power conversational AI tech — that it calls "Ajax," Bloomberg reported. It will affect every product and every service that we have," Apple CEO Cook said during a February earnings call. So far, Apple has integrated AI into features like "fall detection" found on some Apple Watch Models, and "crash detection" on specific Apple Devices — tools Cook has said are keeping people safe.

Persons: Bloomberg, OpenAI's, Google's Bard, Tim Cook, Cook, people's, Michael Gartenberg, Apple, Siri, laggard, Gartenberg Organizations: Apple, Bloomberg, Morning, Ajax, Google, Microsoft, Investors

☆ Apple stock pops on report it's developing its own equivalent of ChatGPT
▼ + stars: | 2023-07-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple stock popped briefly Wednesday after a Bloomberg News report said the company was developing its own artificial intelligence large language model internally. The move signals Apple is taking recent advances in AI technology seriously and is considering integrating them into future products. For the past year, technologists and investors have been enamored of large language models, an AI technology that can turn out text or code that looks like a human wrote it. Some Apple staffers believe the company is aiming for a significant AI announcement next year, according to the report. Aside from LLMs, Apple uses a lot of machine learning in its products, from Siri speech recognition to the ability of the Photos app to detect faces and pets.

Persons: Siri Organizations: Apple, Bloomberg, Ajax, Microsoft, Google, Meta, Qualcomm

☆ Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

July 19 (Reuters) - Apple (AAPL.O) is working on artificial intelligence (AI) offerings similar to OpenAI's ChatGPT and Google's Bard, Bloomberg News reported on Wednesday, sending its shares up as much as 2% to a record high. Apple has, however, subtly pushed advanced AI in some of its products such as Apple Photos, on device texting, and the recently launched mixed-reality headset Vision Pro. Apple's core AI product, voice assistant Siri, has also stagnated over the years. The Bloomberg report said several teams are involved in the latest AI effort, which is led by John Giannandrea, the company's head of machine learning and AI, and Craig Federighi, Apple's top software engineering executive. Employees say the tool essentially replicates Bard, ChatGPT and Bing AI, and works as a web application.

Persons: Google's Bard, Apple, Siri, John Giannandrea, Craig Federighi, ChatGPT, Bing, Yuvraj Malik, Devika Organizations: Bloomberg, Microsoft, Nvidia, Apple, Employees, Thomson Locations: Bengaluru

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