$Alphabet(GOOGL.US) $Apple(AAPL.US)
APPLE OFFICIALLY PICKS GOOGLE'S GEMINI TO POWER A NEW VERSION OF SIRI COMING LATER THIS YEAR. Google: "After careful evaluation, Apple determined that Google's Al technology provides the most capable foundation for Apple Foundation Models and is excited about the innovative new experiences it will unlock for Apple users. Apple Intelligence will continue to run on Apple devices and Private Cloud Compute, while maintaining Apple's industry-leading privacy standards."Google surpassed $4T in marketcap today becoming the second most valuable company on the planet.If this actually is going to make siri the AI personal assistant that everyone is waiting for, it might offer the bull case that gets Apple above the $300 target most felt it would never be able to get to organically on iPhone sales. If they can monetize AI with this offering, they also will have pulled off being able to be a leader in AI without having to spend anything on capex.Source: amit
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