Apple Likely Playing "Catch up" With AI Trends, Citi Says

seekingalpha2023-07-20

After it was reported that Apple had built an internal ChatGPT-style bot for its employees, investment firm Citi said the tech giant is likely playing "catch up" with trends in artificial intelligence...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1117649799?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-07-20 21:00","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1117649799","market":"us","top_or_hot":-1,"title":"Apple Likely Playing \"Catch up\" With AI Trends, Citi Says","media":"seekingalpha","content":"<div>\n<p>After it was reported that Apple had built an internal ChatGPT-style bot for its employees, investment firm Citi said the tech giant is likely playing \"catch up\" with trends in artificial intelligence...</p>\n\n<a href=\"https://seekingalpha.com/news/3989148-apple-likely-playing-catch-up-with-ai-trends-citi-says\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Likely Playing \"Catch up\" With AI Trends, Citi Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Likely Playing \"Catch up\" With AI Trends, Citi Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-20 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3989148-apple-likely-playing-catch-up-with-ai-trends-citi-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After it was reported that Apple had built an internal ChatGPT-style bot for its employees, investment firm Citi said the tech giant is likely playing \"catch up\" with trends in artificial intelligence...</p>\n\n<a href=\"https://seekingalpha.com/news/3989148-apple-likely-playing-catch-up-with-ai-trends-citi-says\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://seekingalpha.com/news/3989148-apple-likely-playing-catch-up-with-ai-trends-citi-says","article_id":"1117649799","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117649799","pubTimestamp":1689858003,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"After it was reported that $Apple(AAPL)$ had built an internal ChatGPT-style bot for its employees, investment firm Citi said the tech giant is likely playing \"catch up\" with trends in artificial inte","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"花旗表示，苹果可能正在“追赶”人工智能趋势","themeId":"3e24a06b134544b39ea5a7e60150983f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1.1},"content_text":"After it was reported that Apple had built an internal ChatGPT-style bot for its employees, investment firm Citi said the tech giant is likely playing \"catch up\" with trends in artificial intelligence.\"Based on Apple’s AI hiring efforts related to areas including Siri, Creativity Apps, Search, and secretive Special Project Group, we believe Apple is aiming to catch up with the AI trends across both infrastructure and applications,\" analyst Atif Malik wrote in an investor note.\"We foresee Apple’s upcoming devices to further build on their predecessors’ AI computing processing capabilities with advanced Siri and Gen AI based app tools to follow in first half of 2024.\"Malik, who maintained his buy rating and $240 price target on Apple, added that the tech giant started hiring for its machine learning and AI team in November 2019 but only ramped it up at the start of last year, before surging this year, leading him to believe the company is trying to catch up.In addition, Malik said Apple is likely to take a hybrid approach with some large language model computation being done in the cloud and others that need higher latency and more privacy being done on the device, making Siri an \"ideal spot\" for the LLM.Qualcomm (QCOM) also recently announced it is bring on-device AI implementation via a partnership with Meta Platforms (META), but the issue Malik foresees with this approach is memory.\"LLMs require parameters to be constantly going back and forth from the RAM to the processor to predict the next token,\" Malik explained. \"This subsequently requires parameters to be stored as close as possible to the processor (in the device most likely). For mobile devices, LLMs with parameters numbered in the 100B+ would take more memory space than desired or even possible.\"","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":16,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1117649799"}