7% Increase in Alphabet Shares Tied to Apple
Alphabet shares rose more than 7% Monday morning on news that Apple may start using Gemini, an Alphabet technology, in its future iPhones. Apple’s shares also rose more than 2%.
Gemini is a set of smart tools created by Google. These tools can do different things like chat with you or help you with coding.
Apple is talking with Google about using Google’s Gemini AI engine in iPhones.
According to sources familiar with the situation, Bloomberg reported that the two big tech companies are currently talking about using Gemini to add new features to iPhone software coming later this year.
Apple is getting ready to release iOS 18, the next major update for iPhones. They usually unveil it during their Worldwide Developers Conference. This is where they share their ideas for advanced artificial intelligence and talk about the upcoming iPhone software before it becomes available to everyone in the autumn.
Also Read: Sundar Pichai Introduces Gemma:
During Apple’s annual shareholder meeting in February, CEO Tim Cook mentioned that the company is investing a lot of money in AI.
“Later in the year, I’m eager to share with you our plans for advancing generic AI technology, which we believe will play a significant role in shaping the future.”
As Bloomberg’s sources reported, the company recently spoke with OpenAI and thought about using its models.
The report noted that the two groups have not yet agreed on the details or name of the AI deal, or how it will work.
WeeklyWakeup could not confirm the Bloomberg report itself. Apple chose not to comment and Alphabet did not immediately respond when WeeklyWakeup contacted them.
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