Apple Eyes $50M Deals With News Giants For AI Tech Leap: NYT
Portfolio Pulse from Ananya Gairola
Apple Inc. (AAPL) is in talks with news and publishing firms for licensing deals worth $50 million to train its generative AI systems. The deals with firms like Condé Nast, NBC News, and IAC are part of Apple's efforts to compete in the generative AI space, where tech giants like Microsoft, OpenAI, Google, and Meta Platforms are active. Publishers' responses are mixed, with some concerned about licensing terms and legal liabilities, while others see potential for collaboration. The deals could provide a legal framework for using news content in AI training, amid industry concerns about copyright use by AI systems.
December 23, 2023 | 8:10 am
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Apple Inc. is pursuing significant licensing deals to train its AI systems, indicating a strategic move to strengthen its position in the generative AI market.
Apple's move to secure content for AI training suggests a proactive approach to innovation and keeping pace with competitors. The investment in AI technology could lead to new products and services, potentially increasing Apple's market share and revenue in the long term. In the short term, this news may be viewed positively by investors as a sign of Apple's commitment to staying at the forefront of technology, which could lead to a rise in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90