Did Apple Say The Magic Words 'Apple GPT'? Why The Tech Stock Is Ripping Wednesday
Portfolio Pulse from Anusuya Lahiri
Apple Inc is reportedly developing artificial intelligence tools that could rival those of OpenAI Inc, Alphabet Inc’s Google, and others. The company has built a framework known as 'Ajax' for creating large language models, which are at the core of new offerings like ChatGPT and Google’s Bard. Apple has also created a chatbot service called 'Apple GPT'. The company is not planning to release it to consumers, but is working to improve its underlying models. Apple is also planning a new health coaching service that uses AI to personalize plans.
July 19, 2023 | 4:32 pm
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POSITIVE IMPACT
Apple is developing new AI tools and services, which could strengthen its position in the AI market and potentially boost its stock price.
The development of new AI tools and services could give Apple a competitive edge in the AI market, which could attract more investors and potentially increase its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Apple's development of AI tools could pose a challenge to Google's AI offerings.
If Apple's AI tools prove to be successful, they could pose a threat to Google's AI offerings, which could negatively impact Google's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Apple's development of AI tools could pose a challenge to Google's AI offerings.
If Apple's AI tools prove to be successful, they could pose a threat to Google's AI offerings, which could negatively impact Google's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Apple's AI tools could rival Microsoft's Bing AI, potentially impacting Microsoft's position in the AI market.
If Apple's AI tools prove to be successful, they could pose a threat to Microsoft's Bing AI, which could negatively impact Microsoft's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50