Reported 8 months ago
Apple's recent Worldwide Developers Conference (WWDC) led to a surge in Apple stock and marked fresh all-time highs. The main announcement regarding Apple Intelligence and artificial intelligence (AI) had winners and losers. Winners include Taiwan Semiconductor Manufacturing, benefiting from Apple's sales, and Microsoft, through its partnership with OpenAI. Losers are Alphabet, as Apple chose ChatGPT instead of Alphabet's Gemini, and surprisingly, Apple itself for not developing its own generative AI model, showing a lag in the AI race.
Source: YAHOO