Apple CEO Tim Cook Already the world’s third-most valuable firm, Nvidia’s market cap gain on Thursday was roughly equivalent to the full value of Adobe. Nvidia’s surge was second only to its own $277 billion jump on the day following its previous earnings report in February. Nvidia’s market cap of $2.55 trillion is rapidly closing in on Apple, currently the second most-valuable company with a $2.87 trillion market cap. Microsoft is the world’s most valuable company with a market value of $3.17 trillion because their CEO didn’t completely miss the AI revolution. Aditya Soni, Gokul Pisharody, and Lewis Krauskopf for Reuters: ‎ Shares of Nvidia surged over 9% on Thursday, building on a stunning rally as its bumper revenue forecast…

In July Mark Gurman reported for Bloomberg News that Apple has an onging internal generative AI project: “Apple employees say the company’s tool essentially replicates Bard, ChatGPT and Bing AI, and doesn’t include any novel features or technology. The system is accessible as a web application and has a stripped-down design not meant for public consumption. As such, Apple has no current plans to release it to consumers, though it is actively working to improve its underlying models.” Tim Bajarin for Forbes: So, will Apple eventually create its own ChatGPT competitor? As one who has covered Apple since 1981 and has studied how they think about new products, I believe they will not create a competitor to ChatGPT. Of course,…

While other tech firmss have been quick to adopt generative AI, Apple has remained relatively quiet on the subject. This is likely to be challenged by analysts when the company reports earnings on Thursday. Microsoft, Google, Meta, and Amazon have all made significant investments in generative AI, using the technology to power a variety of products and services. When Apple reports earnings on Thursday, analysts will want to know why Apple has been so slow to adopt generative AI, and what the company’s plans are for the future. Axios: The company did announce in June that it is using the technology to improve autocorrect and dictation in iOS 17. But even then it avoided using popular labels like “AI,” “GPT”…

Apple is prepping generative artificial intelligence (AI) tools that could challenge those of OpenAI’s ChapGPT, Alphabet’s Bard, and others, according to a Wednesday report for Bloomberg News’ Mark Gurman. Ian Krietzberg for TheStreet: Apple has been building a framework to support LLMs called Ajax; the company has also built and internally deployed a service similar to ChatGPT that some of its engineers referred to as “Apple GPT.” The company is aiming to release a consumer-facing generative AI product next year. Though Apple is coming late to the game, the product that will be unveiled to consumers will likely be much tighter than those models that were rushed into deployment by anxious execs at Google and Microsoft. It was clearly an…

Apple is prepping generative artificial intelligence (AI) tools that could challenge those of OpenAI’s ChapGPT, Alphabet’s Bard, and others, according to a Wednesday report for Bloomberg News’ Mark Gurman. Ian Krietzberg for TheStreet: Apple has been building a framework to support LLMs called Ajax; the company has also built and internally deployed a service similar to ChatGPT that some of its engineers referred to as “Apple GPT.” The company is aiming to release a consumer-facing generative AI product next year. Though Apple is coming late to the game, the product that will be unveiled to consumers will likely be much tighter than those models that were rushed into deployment by anxious execs at Google and Microsoft. It was clearly an…

Apple is prepping generative artificial intelligence (AI) tools that could challenge those of OpenAI’s ChapGPT, Alphabet’s Bard, and others. MArk Gurman for Bloomberg News: The iPhone maker has built its own framework to create large language models — the AI-based systems at the heart of new offerings like ChatGPT and Google’s Bard — according to people with knowledge of the efforts. With that foundation, known as “Ajax,” Apple also has created a chatbot service that some engineers call “Apple GPT.” …The work includes trying to address potential privacy concerns related to the technology. A spokesman for the Cupertino, California-based company declined to comment. Behind the scenes, Apple has grown concerned about missing a potentially paramount shift in how devices operate.…