Thursday, November 7, 2024

Apple stock pops on report it’s developing its own equivalent of ChatGPT

Posted By Peter Coyne | 2023-07-20 03:52:53

Apple stock popped briefly Wednesday after a report said the company was developing its own AI large language model internally.

  • Apple has an internal foundation for AI called Ajax and a small team of engineers have built a chatbot that some call “Apple GPT,” according to the report.
  • For the past year, technologists and investors have been enamored of large language models, an AI technology that can turn out text or code that looks like a human wrote it.

As AI takes center stage, more and more companies are increasing resources and investment into artificial intelligence.

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