Apple Races To Develop Own Generative AI Tools To Catch OpenAI
Portfolio Pulse from Benzinga Newsdesk
Apple Inc. is reportedly racing to develop its own generative artificial intelligence (AI) tools in an effort to catch up with OpenAI, according to Bloomberg.
July 19, 2023 | 4:05 pm
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POSITIVE IMPACT
Apple's move to develop its own generative AI tools could potentially enhance its product offerings and competitiveness in the AI space.
Apple's development of its own generative AI tools indicates its commitment to enhancing its AI capabilities. This could potentially lead to new product offerings or improvements in existing ones, which could boost its competitiveness in the AI market. This development is likely to be viewed positively by investors, potentially leading to a short-term increase in Apple's stock price.
CONFIDENCE 80
IMPORTANCE 75
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