'Apple Explores AI Deals With News Publishers; The Company Has Discussed Multiyear Deals Worth At Least $50M To Train Its Generative AI Systems On Publishers' News Articles' - NYT
Portfolio Pulse from Benzinga Newsdesk
Apple Inc. is in discussions with news publishers to secure multiyear deals, each potentially worth over $50 million, to use their news articles for training its generative AI systems. These deals are part of Apple's efforts to enhance its AI capabilities.
December 22, 2023 | 8:35 pm
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Apple's potential multiyear deals with news publishers to train its AI systems could bolster its AI offerings, possibly impacting its services revenue.
The news about Apple's investment in AI through partnerships with news publishers is likely to be viewed positively by investors. It demonstrates Apple's commitment to advancing its AI technology, which could lead to new features or services, potentially increasing user engagement and revenue. The substantial investment indicates a serious push into AI, a field that is increasingly seen as critical for the future of tech companies.
CONFIDENCE 85
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