Apple, Inc. (NASDAQ:AAPL) is developing in-house artificial intelligence chips even as it charts out plans to make a big splash in the AI arena, multiple media reports suggested recently. Against the backdrop, a bullish analyst weighed in on what this could mean for the tech giant.
Another Breadcrumb: “Cupertino [is] ready to play chess on AI..while others [are] playing checkers,” said Wedbush analyst Daniel Ives in a note. Apple’s rumored plan to put some of its most advanced high-end chips in data centers and use them to process its more advanced AI-based services was another breadcrumb, heading into the company’s annual World Wide Developers Conference, the analyst said.
“Apple is not going to be driving 45 MPH in the right lane when it comes to its AI strategy set to be unveiled at WWDC in June and will be riding in the left lane at 80 MPH,” Ives said. The ...