Apple Inc.’s (NASDAQ:AAPL) expansion into artificial intelligence will extend beyond software, facilitating the development of next-generation devices.
What Happened: In his latest installment of the weekly “Power On” newsletter, Bloomberg columnist, Mark Gurman, stated that historically, Apple's devices have adhered to a consistent formula: they boast top-tier hardware and software, complemented by services such as the App Store and iCloud.
However, in the age of AI, that strategy will no longer suffice. Moreover, updating software just once a year won’t be quick enough to stay competitive with rivals. “But it will take time for Apple to evolve,” Gurman said.
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He went on to say that the latest AI-centric hardware products, such as the Humane Ai Pin and Rabbit R1, have largely been unsuccessful so far. However, it appears that the technology industry is ...