Tesla investor Ross Gerber on Monday criticized Apple Inc.’s (NASDAQ:AAPL) reported deal with Google (NASDAQ:GOOGL) (NASDAQ:GOOG).
What Happened: Gerber said the deal is a “sad admission” of missed opportunities, while commenting on the robust performance of tech stocks in the early trading hours.
“Stocks pop on AI dreams of a massive upgrade in technology. Google and Nvidia on fire this morning. Apple using Google AI (which still sucks) on iPhones in a sad admission they missed another boat,” Gerber wrote.
Apple is reportedly in discussions with Google to license Gemini, a set of generative AI models, to power new iPhone software features. This potential deal would build on the existing search partnership between the two tech giants.