Apple Just Delivered Bad News for OpenAI and Anthropic, but Alphabet Could Be a Winner
Written by Jennifer Saibil for The Motley Fool -> Apple unveiled the new Siri at its annual developer conference this week. The conversational chatbot, powered by a partnership with the Gemini LLM, can do many things beyond the standard LLM, since it connects across a user's de
Apple unveiled the new Siri at its annual developer conference this week.
The conversational chatbot, powered by a partnership with the Gemini LLM, can do many things beyond the standard LLM, since it connects across a user's devices and accounts.
That provides its 2.5 billion user base with free, high-level AI services.
Apple 's (NASDAQ: AAPL) Worldwide Developers Conference (WWDC) is an annual tech playground for developers, where they get to see and experience new technologies and designs. It's where Apple generally unveils its latest upgrades and new products, and some years offer more than others.
The event has become so synonymous with Apple's place in technology that its stock tends to fall or rise after the event, depending on what it releases. For the past two years, the market has been expecting significant artificial intelligence (AI) developments from Apple's Apple Intelligence, but it hasn't been satisfied, and the stock has dropped.
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However, this year's updates might spell bad news for OpenAI and Anthropic , more than for Apple. Here's why it could hurt them, and why Alphabet could come out a winner.
The star of this year's WWDC was undoubtedly the revamped Siri, or Siri AI. Apple has been planning to launch a new, AI-powered Siri for two years with various delays, but the new interface and features are finally coming to market.
