United

Apple

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
  Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions. 
</div> 
<p class="has-drop-cap">Apple is making significant investments in artificial intelligence (AI),&nbsp;<a href="https://www.theinformation.com/articles/apple-boosts-spending-to-develop-conversational-ai" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">allocating millions of dollars</a> daily to developing AI models across multiple teams. The tech giant expects these tools to challenge other prominent AI models, including those offered by OpenAI and Google.&nbsp;</p> 
<h3 id="apple-s-controversial-ai-unit">Apple’s Controversial AI Unit </h3> 
<p>According to a recent report from The Information, Apple’s conversational AI unit, known as “Foundational Models,” has around sixteen members, including former Google engineers. Led by John Giannandrea, Apple’s head of AI, the team aims to enhance Siri and explore the potential of AI language models.</p> 
<p>In addition to the Foundational Models team,&nbsp;<a href="https://tokenist.com/apple-is-now-bigger-than-five-sectors-of-the-sp-500/" rel="noopener noreferrer nofollow" class="deco-link">Apple has other groups</a>&nbsp;dedicated to AI research. One such team, the Visual Intelligence unit, focuses on developing an image generation model. Another group works on “multimodal AI,” which can recognize and generate images, videos, and text.</p> 
<p>These AI models have various applications in mind. For instance, Apple is reportedly developing a chatbot to interact with customers using AppleCare. Another project aims to enable Siri to automate complex tasks more efficiently.</p> 
<p>Apple’s most advanced language model, known internally as Ajax GPT, has been trained on an impressive “more than 200 billion parameters.” Those involved in its creation state that it surpasses OpenAI’s GPT-3.5, which served as the foundation for last year’s initial version of ChatGPT.</p> 
<h3 id="apple-emphasizes-being-the-best">Apple Emphasizes Being the Best</h3> 
<p>Apple CEO Tim Cook believes that timing is crucial when introducing groundbreaking products. During a&nbsp;<a href="https://www.cnbc.com/2016/10/07/the-one-great-reason-apple-ceo-tim-cook-doesnt-care-about-being-first.html" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">public appearance</a>, Cook highlighted Microsoft’s early presence in the tablet market, illustrating that being first doesn’t guarantee success.&nbsp;</p> 
<p>Instead, Cook suggested that entrepreneurs focus on one of three goals: being the best, being the first, or making the most of a particular product.</p> 
<p>Apple’s approach aligns with Cook’s philosophy, as the company aims to deliver exceptional products rather than striving to be the first in every category.&nbsp;</p> 
<blockquote class="wp-block-quote"> 
 <p>“You should never, ever base success or failure on hitting all three of those, in my view. So as an entrepreneur, I would encourage you to pick one. And then go for it. Whatever it is.”</p> 
</blockquote> 
<p>“It doesn’t bother us that we are second, third, fourth, or fifth if we still have the best. We don’t feel embarrassed because it took us longer to get it right,” he added. “For Apple, being the best is the most important and trumps the other two by far.”</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="apple-shares-drop-amid-china-apple-ban-rumors">Apple Shares Drop Amid China Apple Ban Rumors</h3> 
<p>On Wednesday, Apple shares took a hit after reports suggested that China has banned its government officials from using iPhones for work purposes. The move is part of Beijing’s ongoing efforts to reduce reliance on foreign technology and bolster cybersecurity.</p> 
<p>The Wall Street Journal was the&nbsp;<a href="https://www.wsj.com/world/china/china-bans-iphone-use-for-government-officials-at-work-635fe2f8" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">first to report on the ban</a>, citing sources familiar with the matter. The report said Chinese President Xi Jinping aims to decrease the country’s dependence on foreign tech amid escalating geopolitical tensions with the United States.</p> 
<p><a href="https://tokenist.com/apple-removes-ai-apps-from-store-in-china-as-new-regulations-loom/" rel="noopener noreferrer nofollow" class="deco-link">China is a crucial market for Apple</a>, with its devices enjoying widespread popularity among private consumers and government officials. Not only is China a key consumer market, but it also serves as a significant manufacturing hub for the tech giant.</p> 
<p>Apple relies on a vast network of contract manufacturers and suppliers, employing millions in China to produce iPhones and other flagship products. The company generates nearly one-fifth of its revenue from China, with sales totaling $15.76 billion for the quarter ending July 1, representing an 8% increase from the previous year, according to recent&nbsp;<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019323000077/aapl-20230701.htm" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">filings</a>.&nbsp;</p> 
<p>The news of the China ban has notably impacted Apple’s stock price, which dropped more than 4% Wednesday. The tech giant’s stock is down more than 2.6% in pre-market trading.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title"> <strong>Finance is changing.</strong> 
  </div> 
  <div class="cta-sub__subtitle">
    Learn how, with Five Minute Finance. 
  </div> 
  <div class="cta-sub__excerpt">
    A weekly newsletter that covers the big trends in FinTech and Decentralized Finance. 
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=hpcwd"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
    Awesome 
  </div> 
  <div class="cta-sub__caption">
    You’ve subscribed. 
  </div> 
  <div class="cta-sub__greeting">
    You’re well on your way to being in the know. 
  </div> 
 </div> 
</div> 
<p><strong><em>Do you think Apple can offer the most advanced AI model? Let us know in the comments below.&nbsp;</em></strong></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/can-apple-be-the-next-big-ai-stock/">Can Apple Be the Next Big AI Stock?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Can Apple Be the Next Big AI Stock?

Table of Contents

Tokenist

Other articles published on Sep 7, 2023

AllianceBlock Unveils Exclusive Collectible Investment Platform-Arkefi

DeFi 3.0 introduces a new way to hedge crypto assets against volatility

UK Bank Could Deny Withdrawals: Is XRP the Safeguard You Need?

Taiwan to Ban Non-Compliant Offshore Crypto Exchanges

Genesis suing DCG to recover $620m in outstanding loans

XRP Ledger to Get Major Upgrade With Game-Changing Features

Join our free newsletter for daily crypto updates!