Microsoft shares are trading lower following a report suggesting Apple is working on AI tools that could compete with OpenAI.
Portfolio Pulse from Benzinga Newsdesk
Microsoft's stock is trading lower due to a report suggesting that Apple is developing AI tools that could compete with OpenAI.
July 19, 2023 | 5:09 pm
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Microsoft's shares are trading lower due to potential competition in the AI sector from Apple.
The report of Apple developing AI tools that could compete with OpenAI, a project backed by Microsoft, has led to a decrease in Microsoft's stock price. This is due to the potential competition that Apple could bring in the AI sector, which could affect Microsoft's market share and revenues.
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