The world’s most valuable companies are taking opposite paths in the AI race
“The reason why Apple has done so well is people finally recognize that they don’t need to spend hundreds of billions to be relevant in this market,” said Bloomberg Intelligence analyst Anurag Rana, “because they will use whichever best (AI) model that’s out there, and that model company would be privileged to be on the iPhone.”Apple’s iPhone revenue grew 22% in the company’s most recent quarter compared to the same period last year; overall revenue rose 16% year-over-year and beat Wall Street’s expectations.
Tech companies Nvidia and Apple are taking opposite approaches to the AI frenzy.
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