Apple's AI Reveal Falls Flat Leaving Investors Unimpressed, Shares Drop

Unimpressive to investors what Apple revealed about its AI plans at its Worldwide Developer conference yesterday. The company gave details regarding its partnership with Sam Altman’s OpenAI, they said that they will integrate ChatGPT into iPhones via Siri, they promised that many workloads will be done on-device , and a ‘private cloud compute’ will be available if there is need for more computational power.) declined nearly 2% yesterday.

Look, Britain never managed to strengthen its back after Brexit and French watch the show from the front seat. We will see how France will respond to Macron’s gambit – and I think France will be fine - but political turmoil in the next few weeks could lead to higher and wider spreads across EU yields and negatively impact eurozone growth expectations and stock valuations. And the latest turmoil comes when the European Central Bank is at a crossroads due to a renewed uptick in inflation.

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