News Summary

• “AI will reinvent Siri.”While it seems hard to imagine right now that Apple would put a chatbot fueled by generative AI — which is massively compute- and power-intensive — onto a mobile device, Wedbush Securities analysts believe the upcoming iPhone 16 will incorporate generative AI.
• Whether or not such an app would be useful or appeal to iPhone users, or whether it would expand the market, is another big question.PC and chip makers in the past couple of months have been touting AI on edge devices like the PC.
• The company has been working on its own version of ChatGPT, according to a report by Bloomberg last summer, dubbed AppleGPT, and building its own framework, called Ajax, for large language models.
• Bloomberg also reported that Apple is working on a rival system to Microsoft Corp.’s MSFT, +1.45% GitHub Copilot for software developers, that would use AI to predict complete blocks of code.
• Apple AAPL, -0.37% Chief Executive Tim Cook was not asked about the car project, which the company has never officially confirmed, at its virtual annual meeting Wednesday.
• It is worth noting though, that this is how Apple has operated for decades: by watching, waiting and then perfecting existing but early tech products.