Apple To Use Own Chips In Cloud To Power AI Features In 2024
Portfolio Pulse from Benzinga Newsdesk
Apple plans to use its own chips for cloud services to power AI features starting in 2024, according to Bloomberg. This move could reduce Apple's reliance on third-party chip suppliers and enhance its competitive edge in AI technology.

May 09, 2024 | 5:22 pm
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Apple's decision to use its own chips for cloud services to power AI features in 2024 could significantly enhance its AI capabilities and reduce costs.
Using its own chips for AI could give Apple a competitive advantage by improving performance and efficiency of its AI features, while potentially reducing reliance on external chip suppliers. This strategic move could lead to cost savings and better integration of hardware and software, positively impacting Apple's stock in the short term as investors may view this as a strong step towards innovation and self-reliance.
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