'Apple Has Begun Testing An AI-Powered Ad Product Similar To Google's Performance Max As It Looks To Supercharge Its $7 Billion Ad Business' - Business Insider
Portfolio Pulse from Benzinga Newsdesk
Apple is testing an AI-powered advertising product akin to Google's Performance Max, aiming to enhance its $7 billion advertising business. This move could significantly impact Apple's revenue stream and position in the digital advertising market.
March 11, 2024 | 5:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Apple's initiation into AI-powered advertising, mirroring Google's Performance Max, marks a strategic expansion of its $7 billion ad sector.
Apple's foray into AI-powered advertising is a significant move to expand its advertising capabilities and revenue. By adopting a strategy similar to Google's successful Performance Max, Apple is likely to see a positive impact on its advertising business, potentially increasing its market share in the digital advertising space. This strategic move is expected to be viewed positively by investors, given the growth potential of AI in advertising.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90