Apple Bowing Out Of OpenAI Funding Round, iPhone 16's Camera Ranking, And More: This Week In Appleverse
Portfolio Pulse from Benzinga Neuro
Apple Inc. (NASDAQ:AAPL) has withdrawn from OpenAI's funding round, which is expected to raise $6.5-$7 billion. The iPhone 16 Pro Max's camera ranked fourth globally, despite leading in video capabilities. Apple also launched a new Passwords app with iOS 18 and discontinued the iPhone 15 Pro and iPhone 13 models.
September 29, 2024 | 11:00 am
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POSITIVE IMPACT
Microsoft remains in talks to join OpenAI's funding round, which could strengthen its position in AI development.
Microsoft's continued interest in OpenAI's funding round suggests a strategic move to enhance its AI capabilities, which could positively influence its stock price as investors may view this as a commitment to future growth in AI.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia is still in talks to join OpenAI's funding round, which could enhance its AI and GPU market leadership.
Nvidia's potential participation in OpenAI's funding round could reinforce its leadership in AI and GPU markets, likely leading to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Apple's withdrawal from OpenAI's funding round and the iPhone 16 Pro Max's camera ranking may impact investor sentiment. The launch of iOS 18's Passwords app and discontinuation of older iPhone models are also notable.
Apple's decision to withdraw from OpenAI's funding round could be seen as a missed opportunity in AI investment, potentially affecting its stock negatively. The iPhone 16 Pro Max's camera ranking below expectations might also disappoint investors. However, the introduction of a new Passwords app and the discontinuation of older models could streamline Apple's product offerings, partially offsetting negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100