- Apple has not yet made its mark with regard to generative artificial intelligence.
- Tim Cook tried to reassure shareholders that the company is attached to AI innovation.
- But a shareholder told Wall Street Journal that Apple had not made a “big laps” in space.
Apple Evolves more slowly on the development of generative-ai products than some of its large technological peers, letting investors wonder when, or if, it will go into technology.
Brian Mulberry, portfolio director of the Apple shareholder, Zacks Investment Management, said The Wall Street Journal The company had not yet really made splashes in the AI space. “”
He said: “AI is that most of the investors are really excited. Almost all the momentum on the market in general is fueled by AI.”
After being stimulated by Interest of eager investorscompanies such as GoogleMicrosoft, and Meta have pushed buzzing products with artificial intelligence at Pace. But Apple has not yet made major announcements.
CEO of Apple Tim Cook However, it was impatient to reassure the shareholders that the company is large on AI.
To the annual company Shareholders’ meeting on WednesdayCook said that the company has been innovating in AI for years and “currently invested considerably in this area”.
The CEO said he had seen an incredible “breakthrough” for technology, adding that he would unlock “transformative opportunities” for users, according to Reuters. He also said there was “Not a better computer for AI” than the Apple Mac.
While Cook said he was not ready to give more details on the development of Apple AI, he told shareholders that the company would disclose his plans later this year, Reuters reported.
David Wagner, a portfolio manager at the Apple shareholder Aptus Capital Advisors, told the newspaper that even if AI was “the subject of the day”, the market tended to be motivated by the story.
“Everyone claims that Apple has a story,” he told the media.
Apple’s representatives did not immediately respond to a request for comments from Business Insider, made normal working hours outside.
During the assembly on Wednesday, Apple shareholders also voted for a request for an AI transparency report. The report, supported by Apple’s active population, would have plunged into the ethics of the way the company used AI, Bloomberg reported.