Apple Says Many Apple Intelligence Models Run On The Device; Apple Announces Private Cloud Compute; Apple Says It Will Use Its Own Server Chips To Help Power Its AI
Portfolio Pulse from Benzinga Newsdesk
At the WWDC24 event, Apple announced that many of its intelligence models run on the device. Additionally, Apple introduced Private Cloud Compute and revealed that it will use its own server chips to power its AI initiatives.
June 10, 2024 | 6:16 pm
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POSITIVE IMPACT
Apple's announcements at WWDC24, including on-device intelligence models, Private Cloud Compute, and the use of its own server chips for AI, are likely to positively impact the company's stock in the short term.
The introduction of new AI capabilities and Private Cloud Compute, along with the use of proprietary server chips, positions Apple as a leader in AI technology. This is expected to drive investor confidence and positively impact the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100