Apple CEO Tim Cook attends the Wonderlust event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023.

Loren Elliott | Reuters

Apple CEO Tim Cook teased that Apple may have an artificial intelligence announcement later this year during a call with analysts after the company reported fiscal first-quarter earnings.

While Cook’s remarks on Thursday did not include many details, they did indicate that Apple wants to compete with Microsoft, Google, Amazon, OpenAI and other technology companies working on cutting-edge AI models that can generate text and images.

“As we look ahead, we will continue to invest in these and other technologies that will shape the future,” Cook said during a call with analysts. “That includes artificial intelligence where we continue to spend a tremendous amount of time and effort, and we’re excited to share the details of our ongoing work in that space later this year.”

Generative AI started drawing significant attention from technology companies and investors starting in 2022, after OpenAI released ChatGPT and image generators rapidly improved. Apple did not announce an advanced AI model last year, although the company has long invested in similar machine learning technology in its chips and software, which can, for example, identify people or pets inside photographs.

Apple typically announces new software in June at its annual developer’s conference, WWDC. Last year, the company announced an autocorrect feature for the iPhone keyboard based on a transformer-based language model, which shares the same underlying technology as GPT. But Apple never used the phrase “artificial intelligence” during the presentation, preferring the more academic term “machine learning.”

“Let me just say that I think there’s a huge opportunity for Apple with Gen AI and AI, without getting into more details and getting out in front of myself,” Cook said.

Don’t miss these stories from CNBC PRO:

Read More: World News | Entertainment News | Celeb News
CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Thames Water needs a clean start after being swamped with huge debts, says ALEX BRUMMER

The labyrinthine structure of ownership at Thames Water is something to behold.…

Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025

Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee…

Oracle shares soar 13% on better-than-expected quarterly earnings

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the…

Here are the 4 main events we’ll be watching in the market next week

Wall Street bounced back Friday but still turned in a losing week.…