Apple Reports Progress in Developing AI Chatbot, Shares Soar
Apple is reportedly making strides in the development of its artificial intelligence (AI) offerings, with a focus on creating a chatbot similar to OpenAI’s ChatGPT and Google’s Bard. This news caused Apple’s shares to rise by as much as 2 percent, reaching a record high. According to Bloomberg News, Apple has developed its own framework, called Ajax, for building large language models (LLMs). The company is also said to be testing a chatbot internally, known as Apple GPT.
Although Apple has been relatively reserved in its AI endeavors thus far, compared to its tech counterparts Alphabet and Microsoft, it has subtly incorporated advanced AI features into some of its products. For example, Apple Photos, on-device texting, and the recently launched mixed-reality headset Vision Pro all include AI technology. However, industry analysts believe that Apple still lags behind its competitors in fully utilizing AI capabilities.
While Apple has not released concrete plans for its AI tools, it aims to make a significant AI-related announcement next year. John Giannandrea, Apple’s head of machine learning and AI, and Craig Federighi, the company’s top software engineering executive, are leading the effort to develop these advanced AI capabilities.
Apple’s latest virtual assistant function can summarize text and provide answers based on trained data. The tool is being utilized internally for product prototyping and operates as a web application. Employees describe it as essentially replicating features of Bard, ChatGPT, and Bing AI.
In response to this news, shares of Microsoft, Nvidia, and Alphabet dropped by more than 1 percent, indicating the potential disruption Apple’s emergence in the AI field could cause.
Apple’s AI efforts have the potential to significantly enhance its core AI product, voice assistant Siri, which has stagnated in recent years. With the development of a more advanced chatbot and the utilization of large language models, Siri could see significant improvements.
Apple’s move into the AI space can be seen as a strategic decision to keep pace with its competitors’ advancements in the field. By leveraging its own framework, Ajax, and incorporating advanced AI capabilities, Apple aims to reclaim its position as an AI innovator.
As Apple continues its AI development, it remains committed to preserving user privacy and data security. The company has consistently highlighted the importance of protecting individual privacy.
Overall, Apple’s progress in AI development signifies a notable step forward for the tech giant. With an upcoming announcement expected next year, Apple enthusiasts eagerly anticipate the company’s next move in the AI space.
