Apple GPT’s Release Delayed, Analyst Claims, Impact on Stock Prices Unlikely
Apple’s highly-anticipated AI chatbot, Apple GPT, has reportedly been delayed by several years, according to Apple analyst Ming-Chi Kuo. In a recent blog post, Kuo expressed his expectations for Apple’s upcoming earnings call and its potential effects on stock prices. Kuo believes that Apple GPT is still far from ready and therefore won’t have any immediate impact on Apple’s stock prices.
Interestingly, Kuo’s remarks contradict an earlier report by Bloomberg journalist Mark Gurman, who claimed that Apple is planning to make a significant AI-related announcement next year. However, Kuo believes that Apple won’t delve too much into AI during the upcoming earnings call, as the company’s progress in generative AI lags behind its competitors.
Kuo further stated that there is no indication that Apple will integrate AI edge computing and hardware products in 2024. This includes Apple GPT, which falls under the category of generative AI tools. Without advancements in AI edge computing, Kuo suggests that Apple won’t have much to discuss in this area during the earnings call.
Apple’s cautious approach to new technologies is well-known, with the company typically taking its time to ensure the superiority of its products before entry into the market. Given Apple’s commitment to privacy and concerns surrounding user data, it’s no surprise that the development of Apple GPT is progressing slowly.
However, this news might disappoint those who are eager to see how Apple plans to compete with rivals such as ChatGPT and Bing Chat. Microsoft has already begun integrating generative AI tools into its apps, while Apple’s equivalent is still absent, although there are possibilities for integration in the future.
There is a risk that Apple’s measured approach could cause the company to miss out on the AI trend. Apple previously waited years before introducing the Vision Pro, a virtual reality headset, which arrived at a time when interest in VR was waning, and AI tools like ChatGPT were gaining traction. Observers might be concerned that Apple GPT could face similar challenges if it arrives late to the party.
For now, it seems that we will have to exercise patience. If Kuo’s predictions hold true, Apple GPT and other AI-based products are not expected until after 2024, leaving us with a significant wait ahead.
In conclusion, while Apple has adopted a cautious strategy that aligns with its commitment to privacy, it remains to be seen whether this approach will pay off in the competitive field of AI. Apple enthusiasts and investors alike will have to wait patiently until Apple is ready to unveil its highly-anticipated AI chatbot and other AI-based innovations.
