Apple expected to enter AI race with ambitions to overtake the early leaders

Apple is expected to announce new artificial intelligence features at its annual Worldwide Developer Conference on Monday

And Apple's next generation of software is expected to be packed with an array of AI features likely to make its often-bumbling virtual assistant Siri smarter, and make photos, music, texting - and possibly even creating emojis on the fly - a more productive and entertaining experience. AI mania is the main reason that Nvidia, the dominant maker of the chips underlying the technology, has seen its market value rocket from about $300 billion at the end of 2022 to about $3 trillion. The meteoric ride allowed Nvidia to briefly surpass Apple last week as the second most valuable company in the U.S. Microsoft earlier this year also eclipsed the iPhone maker on the strength of its so-far successful push into AI.

Monday's conference "represents the most important event for Apple in over a decade as the pressure to bring a generative AI stack of technology for developers and consumers is front and center," Ives wrote in a research note. Besides using AI to spruce up Siri, Apple may also team up with OpenAI to bring some elements of ChatGPT to the iPhone, according to a wide range of unconfirmed reports leading up to Monday's conference.

Part of the optimism stems from Apple's history of releasing technology later than others and then using sleek designs and services combined with slick marketing campaigns to overcome its tardy start to unleash new trends.

Source: News Formal (newsformal.com)

14931141

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple celebrates World Meditation Day with exclusive Apple Watch AwardTo celebrate today's World Meditation Day, Apple Watch users can earn a new limited-edition award for the occasion.
Source: BGR - 🏆 234. / 63 Read more »

Apple to break AI silence at developers conferenceAI and perhaps even a partnership with ChatGPT-maker OpenAI will likely be a driving theme at the kickoff of Apple's WWDC developers' conference in Silicon Valley, according to analysts.
Source: trtworld - 🏆 101. / 63 Read more »

Apple Expected To Take Decisive Steps In AI At Its Worldwide Developers Conference (WWDC)Forrester is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth.
Source: ForbesTech - 🏆 318. / 59 Read more »

Why these analysts are calling Apple's developers conference a 'key catalyst' for the stockWhy these analysts are calling Apple's developers conference a 'key catalyst' for the stock
Source: Investingcom - 🏆 450. / 53 Read more »

What we want to hear about AI iPhones at Apple's big developers event next weekThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs thinks this will be a key focus of Apple's developers conferenceGoldman Sachs thinks this will be a key focus of Apple's developers conference
Source: Investingcom - 🏆 450. / 53 Read more »