How an Apple and Alphabet AI deal could benefit both companies and their out-of-favor stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Apple and Alphabet have had their own issues in the generative AI race. But we see a potential partnership around the technology to be a win-win for them.

Struggling shares of Alphabet and Apple jumped Monday on a Bloomberg report saying the companies are in talks for Google to license its Gemini AI model for use in future iPhone releases. If true, this looks like a win-win for the two Club holdings, both of which have had their own issues in the generative artificial intelligence race. The concerns around Apple are fears about it being late to the AI game.

A smart phone displaying Google with Google Gemini in the background is being featured in this photo illustration in Brussels, Belgium, on February 8, 2024.jumped Monday on a Bloomberg report saying the companies are in talks for Google to license its Gemini AI model for use in future iPhone releases. If true, this looks like a win-win for the two Club holdings, both of which have had their own issues in the generative artificial intelligence race.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: Nvidia, Apple, Alphabet, PepsiCo and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »