If Apple and Meta make an alliance, it will rock the tech world.
Apple has reportedly held discussions with Meta Platforms to integrate Meta’s generative artificial intelligence (AI) model into its newly announced personalized AI system, Apple Intelligence. This collaboration would enable Meta to leverage Apple’s extensive user base through its iPhones, similar to how software companies gain exposure via the App Store.
Apple, which has recently partnered with OpenAI, the owner of ChatGPT, and expressed interest in integrating Google’s Gemini AI, is also considering adding generative AI technology from startups Anthropic and Perplexity into Apple Intelligence. However, according to sources familiar with the discussions, the talks with Meta are not finalized and could potentially fall through.
Apple Intelligence – Apple reportedly in talks with Meta for an AI partnership, as per the Wall Street Journal. This partnership would involve integrating Meta’s AI capabilities into Apple Intelligence, Apple’s generative AI project, which was announced at the Worldwide… pic.twitter.com/tOrCXmXCoa
— Joe Kushlick (@jkushlick) June 24, 2024
In these ongoing negotiations with potential AI partners, Apple has not requested payment arrangements. Instead, the partnerships may involve companies selling premium subscriptions to their services through Apple’s vast distribution network, with Apple taking a share of the subscription revenue. This approach could help reduce Apple’s reliance on OpenAI.
It remains to be seen how open Apple will make its new AI platform, given the company’s preference for a tightly controlled ecosystem. Integrating generative AI from various partners could diversify Apple’s AI offerings, but maintaining its characteristic closed ecosystem may pose challenges.
Longtime rivals Apple and Meta have held talks about potentially integrating Meta’s generative AI model into Apple Intelligence, the recently unveiled AI system for iPhones and other devices https://t.co/xoKoNJ67WB
— Julien Le Clézio (@JulienLeClezio) June 24, 2024
Meanwhile, the stock performance of both Apple and Meta has shown interesting trends. Apple’s stock recently experienced a bullish golden cross pattern, where the 50-day moving average crossed above the 200-day moving average. This coincided with Apple shares reaching a new record high earlier in the month. However, the price has since retraced, suggesting the potential for further weakness. Investors should monitor the key support level at $197, a significant area where the price has found support multiple times over the past eleven months.
Apple Plans To Bring Meta’s Generative AI Technology To iOS 18 To Further Enhance … – Wccftech https://t.co/AUlAEAGxqx #GenerativeAI #GenAI #AI
— Epic Plain (@EpicPlain) June 24, 2024
Meta’s stock, on the other hand, has been recovering after a significant drop following weak revenue guidance in late April. The shares have since trended mostly higher, closing the gap and rising above the 50-day moving average. Investors should watch the $446 level, where the price might find buying interest along a multi-month horizontal line. Conversely, any upward movement could face selling pressure near Meta’s all-time high of $531.49, set in early April.
Key Points:
i. Apple is in discussions with Meta Platforms to integrate Meta’s generative AI model into its new personalized AI system, Apple Intelligence.
ii. This potential collaboration would allow Meta to leverage Apple’s vast iPhone user base, similar to how apps gain exposure through the App Store.
iii. Apple is also exploring partnerships with other AI developers, including OpenAI, Google’s Gemini, Anthropic, and Perplexity.
iv. These partnerships may involve selling premium subscriptions through Apple’s distribution network, with Apple taking a share of the revenue.
v. Both Apple and Meta’s stocks show significant trends, with Apple’s stock recently experiencing a bullish pattern and Meta’s stock recovering after a drop due to weak revenue guidance.
Conner T – Reprinted with permission of Whatfinger News