Apple Stock Surges on Report Saying It’s Developing Own Version of ChatGPT
Apple (AAPL) stock popped briefly on Wednesday, July 19, after a Bloomberg News report said the company was developing its own artificial intelligence large language model internally.
Apple (AAPL) stock popped briefly on Wednesday, July 19, after a Bloomberg News report said the company was developing its own artificial intelligence large language model internally. It’s up about 1% for the day in midday trading.
The move signals Apple is taking recent advances in AI technology seriously and is considering integrating them into future products. The company rarely uses the term “artificial intelligence,” instead opting for the more academic “machine learning.”
Apple has an internal foundation for AI called Ajax and a small team of engineers have built a chatbot that some call “Apple GPT,” according to the Bloomberg News report. Access to the chatbot is limited within Apple. Some Apple insiders believe the company is aiming for a significant AI announcement next year. Aside from LLMs, Apple uses a lot of machine learning in its products, from Siri speech recognition to the ability of the Photos app to detect faces and pets.
Environment ministers from G20 nations have failed to agree on ways to curb emissions and other crucial measures to address the global climate crisis ahead of the UN climate change conference at the end of the year.
On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.”
Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to reports.