Apple's generative AI technology is a much-discussed topic that has caused a stir in recent months. Renowned analyst Ming-Chi Kuo has now made an important assessment on the subject. He stresses that Apple's AI technology is far behind the competition and there are no signs that the company will launch AI services in 2024.
In a recently published Contribution On Medium, Ming-Chi Kuo analyzes upcoming events at Apple and concludes that the company may not spend much time discussing AI during its annual press conference. Kuo points to the lack of progress in generative AI technology, which makes it unlikely that Apple will launch or integrate AI computing or hardware products in the near future.
No signs of AI products from Apple until 2024
Kuo's information is in line with previous reports from Bloomberg's Mark Gurman, who claims that Apple is working on "Apple GPT" artificial intelligence projects that could compete with OpenAI's ChatGPT. Although there are hints of a "significant" AI announcement in 2024, concrete plans to develop consumer AI products are currently lacking. This suggests that Apple has not yet found a clear strategic approach to using AI technology. In a speech at the Apple conference in May, CEO Tim Cook also commented on AI technology. He stressed that there are still some challenges to overcome in its development and that Apple wants to take a thoughtful approach to it. Nevertheless, the company sees the enormous potential of AI and plans to gradually and carefully integrate it into its products.
Apple's generative AI technology and its future prospects
Overall, Ming-Chi Kuo's assessment shows that Apple's generative AI technology is currently lagging behind the competition and there are no clear indications that the company will launch AI products by 2024. Nevertheless, Apple recognizes the potential of AI and plans to integrate it into its products in the long term. It is important for investors and observers to keep a close eye on developments in the field of AI technology at Apple. Although there currently appears to be no immediate impact on the stock price or supply chain, a successful implementation of AI technology in the future could significantly advance the company. While Apple does not currently have a clear strategy for AI products, it remains to be seen how the situation develops and whether the company will be able to catch up in the field of artificial intelligence and offer innovative solutions. (Photo by Smile Studio AP / Bigstockphoto)
