Goldman Sachs Casts Doubt On 'Exceptionally Expensive' AI Investments By Tech Companies
Portfolio Pulse from Bibhu Pattnaik
Goldman Sachs has raised concerns about the high costs and uncertain returns of AI investments by tech companies, despite some experts' optimism. Apple and Meta are mentioned as key players in the AI space.
June 30, 2024 | 5:14 pm
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Apple is reportedly in talks with Meta to integrate Meta's generative AI model into its new AI system, Apple Intelligence. This move is part of Apple's strategy to catch up in the AI race.
Apple's collaboration with Meta on AI integration indicates a significant strategic move to enhance its AI capabilities, which could positively impact its stock in the short term.
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IMPORTANCE 70
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Meta Platforms is in discussions with Apple to integrate its generative AI model into Apple's new AI system. This partnership highlights Meta's strong position in the AI space.
Meta's potential partnership with Apple to integrate its AI model showcases its technological prowess and could boost investor confidence, positively impacting its stock.
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