I WAS SHOCKED! I was like "What the heck do they WANT?! Then this morning I was like ahhhhhhh lol
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Apple's Stock Price Reaches All-Time High After WWDC Announcements
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You think OpenAI is doing it for the exposure? haha. They're the hottest thing in tech right now and they're already giving limited free use of chatgpt. They don't need more exposure. They need funding. Altman wants to raise 7 trillions(!) to get to AGI.
They're going to give the 3rd richest company in the world and eventual competitor a free lunch? Apple needs them way more than they need Apple. Unless Apple is selling out its users for their data (99.9% not happening), Apple is paying OpenAI. How much, we'll find out in like 10 years, if ever.
Right. Notice how some of the most consistent naysayers about everything Apple are conspicuously absent today.
Yes, I think OpenAI wants the exposure of incorporation into iOS. And they are not the “hottest thing in tech” — that is ridiculous. What do you base this off — number of users or revenue? From my limited research, they have less than 200m users, of which there only about 4m that are paying — not big numbers, relatively speaking. If they want to raise more money, they need to scale massively. Having their service available to iOS users gives them more visibility, and potentially converts them to paying customers. Also, keep in mind that they have well funded competitors nipping at their heels.
I mean, if you want to get into bed with a conman go for it.
Back here in reality, AGI is never going to happen unless a breakthrough in consciousness (or power generation for that matter) is discovered….but it sure as hell not going to spawn from feeding ever more data into language models 😂
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Makes sense, this time they outdid themselves by outdating a model (iPhone 15) that is not even one year old. Well played Apple.
I didn't read the thread yet...
I don't think it went up due to the keynote. I was watching the stock the whole keynote and it was down the whole time. After the keynote ended, and the rest of the day, it was still down the same. After hours, it was also down slightly from the close.
If it was AI stuff, there was nothing that changed between last night and today.
I think it was possibly the new payment deal for the Apple Card? Thoughts?
I don't think it went up due to the keynote. I was watching the stock the whole keynote and it was down the whole time. After the keynote ended, and the rest of the day, it was still down the same. After hours, it was also down slightly from the close.
If it was AI stuff, there was nothing that changed between last night and today.
I think it was possibly the new payment deal for the Apple Card? Thoughts?
I think many people watched the keynote later in the evening, then watched Dan Ives, Jim Cramer, and other analysts go nuts over the Apple announcements and the upcoming iPhone super cycle, and then got up the next morning and started buying. Maybe.
I think OpenAI is painfully aware of the fact that for all their technological advancements, they are ultimately just another app on your iPhone. I suspect what Apple is offering them is access to their user base. Not user data, but the opportunity to convert some of them into paid subscribers, and to maintain mindshare amongst its users.
They are also aware that the consequences of them turning Apple down is that Apple then approaches another LLM like Google's Gemini and makes that the preinstalled default across all Apple devices and they then lose out not because they had the worst product, but because hundreds of millions of users find it more convenient to use a competing service that's directly integrated into their voice assistant vs manually launching an app. Think about how you can only use Siri on your Apple Watch.
It's quite similar to Google paying Apple to keep their search engine default in safari. Maybe Apple does need Google more, but Google would rather continue to pay Apple than risk "screwing around and finding out". This is really Apple's true power - the ability to commoditise every business in the industry by pitting them against one another.
I suspect Apple has been successful in leveraging their billion-strong install base to come to a more favourable arrangement with OpenAI than most people would give Apple credit for. They likely aren't paying OpenAI anything. Meanwhile, Microsoft is probably like "Bloody...I am paying OpenAI so much money just so they can go and help prop up Apple's ecosystem?!?"
Ah yeah, but who is actually going to be buying a high power Mac for gaming, which has zero upgradeable parts, and costs a fortune, when they can build a gaming PC for much much cheaper, and with 100% upgradeable parts, sourced from any cheap parts shop? It doesn't matter if ALL games work on Mac, the user base simply isn't going to choose Apple's profit model over an PC that is upgradeable with parts that are 1/8th the cost of Apple's RAM/SSD prices. It ain't happening. All that bringing AAA games to Mac will achieve, is giving casual gamers the option of running them on their existing Macs.
Counter to my own argument, is the possibility of playing FPV games with a high quality 3D vision, which will make games such as racing games actually realistic, as the inability to judge distance with 2D is a major reality killer. Counter to that counter, is all it will take is a non-Apple brand to make a similarly high quality 3D headset, and the ball is back in PC's court.
As a small time Apple stock holder since 2013, I notice that it normally drops right after product and software announcements, I am very pleased that it went up $14.03 per share today! Warren Buffet must be ecstatic.
At the end of the day its all speculation proof will be in the sales of devices this year. What does everyone think?
My thoughts, it will be pending on initial feedback on the AI on the devices but is this enough to push people to upgrade to Pro or super refresh cycle of new base devices end of year that have chips that can handle AI? To counter that people might now hold off refreshing their device until a base compatible version comes out. As well is it enough to offset the decline of sales in China? Also I dont see apple seeing an increase in Ipad sales and quite possibly macbooks given current models are solid and IpadOs is still Ipados and there will be fierce competition with the Snapdragon chips for PCs users to not crossover. So ultimately my opinion it will come down to strong sales growth of iphones for the price to be sustainable. Keen to hear others thoughts?
My thoughts, it will be pending on initial feedback on the AI on the devices but is this enough to push people to upgrade to Pro or super refresh cycle of new base devices end of year that have chips that can handle AI? To counter that people might now hold off refreshing their device until a base compatible version comes out. As well is it enough to offset the decline of sales in China? Also I dont see apple seeing an increase in Ipad sales and quite possibly macbooks given current models are solid and IpadOs is still Ipados and there will be fierce competition with the Snapdragon chips for PCs users to not crossover. So ultimately my opinion it will come down to strong sales growth of iphones for the price to be sustainable. Keen to hear others thoughts?
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Maybe not in your company, but MS has some large adoption cases for Copilot,
The Coca-Cola Company and Microsoft announce five-year strategic partnership to accelerate cloud and generative AI initiatives - Stories
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Microsoft has a strong presence in the enterprise sector, and Copilot goes beyond mere "better suggestions". It integrates with MS Office applications, Teams, Dynamics ERP, GitHub, and security services. Additionally, OpenAI can be utilized as a service on Azure. These are areas where Microsoft's AI offer a superior experience compared to Apple AI.
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At the end, every company is an app in an iPhone. What is interesting, if the rumors are true, Apple is the one who approached OpenAI. It's clear that OpenAI is the leader in the market, and Apple needs them. Also, there are no consequences of turning them down, considering that Apple will add other AI models to their devices.
Apple Likely to Add Google Gemini and Other AI Models to iOS 18 - MacRumors
Second, this is very different from the Google Search case. AI infrastructure is very expensive to acquire and maintain, and I don't think OpenAI will pay Apple or let use their service for free, but I could be wrong. Maybe the agreement details will surface later.
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I think OpenAI is satisfied with the iOS integration, but they do not need it for exposure. ChatGPT has the record for fastest-growing user base in history, and they did it without Apple help. I'm not sure the integration with Apple devices will result in more paying customers.
I also think this will be different from Google agreement, and I don't see OpenAI paying Apple or using their service for free. We will have to wait for the details of the agreements to become public.
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And hopefully you have the latest hardware so it can make sense for your use case. Does anyone know if the iPhone 15 and 15 Plus will get Apple Intelligence? If the answer is yes, I’m curious how Apple will spin it explaining how the 15 with an A16 gets it while my 14 Pro with the same A16 does not.
My understanding is that only the 15 pro will get Apple intelligence, supporting the theory that you need at least 8 gb of ram to make use of it.
While many speculate that Apple’s stock is rising due to vapor demos of AI software that won’t be in beta for a few months, it might be helpful to notice that:
1. The World Bank released a report on Tuesday indicating that the world economy is stronger than predicted, driven by a US economy growing faster than expected.
2. The press reports that iPhone sales in China, which recently have been poor due to stiff competition, have rebounded as Apple has dropped prices.
While it is possible that a significant portion of Apple’s recent spike is due to WWDC announcements and the market’s animal spirits, Wall Street is also considering the two points above.
1. The World Bank released a report on Tuesday indicating that the world economy is stronger than predicted, driven by a US economy growing faster than expected.
2. The press reports that iPhone sales in China, which recently have been poor due to stiff competition, have rebounded as Apple has dropped prices.
While it is possible that a significant portion of Apple’s recent spike is due to WWDC announcements and the market’s animal spirits, Wall Street is also considering the two points above.
What's The big deal tough, because they know Tim will make everyone upgrade their devices to use AI??? LoL