Bank of America expects Apple to benefit from AI in devices via Investing.com

OpenAI, the developer of ChatGPT, held a Spring Update event on Monday during which it introduced a new desktop application, improved the interface design of its website and released its latest and most advanced language model, GPT-4.

The demo demonstrated how personal computers and smartphones launched by Apple such as the Macs and iPhones can be enhanced with artificial intelligence. The integration of voice commands, text inputs and visual data during the demonstration demonstrated the ability of artificial intelligence to significantly improve work efficiency.

Most of the demonstrations involved using an Apple iPhone connected directly to the computer to reduce lag during live interactions.

In connection with the event, financial analysts at Bank of America maintained a positive recommendation on Apple stock, expressing their expectations that Apple will benefit significantly from the development of artificial intelligence that can be processed on the device itself, which will lead to higher profit margins. Continued growth in the service sector.

OpenAI’s CEO, Sam Altman, said in a blog post that it has “created the most effective model globally accessible at no charge through ChatGPT, without inserting ads or similar features.”

“OpenAI plans to generate revenue through various strategies and may not establish a business model similar to the revenue-sharing agreement Apple (NASDAQ:) has with Google,” analysts at Bank of America noted, though no such partnership is… “absolutely unlikely.”

Also, they point out, OpenAI’s GPT-4 language model is capable of processing up to a trillion parameters, a significant increase from the 175 billion parameters in the previous GPT-3 model.

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While language models running directly on personal devices can manage 7 to 10 billion teachers, Bank of America analysts emphasized that the most comprehensive AI experience is available through cloud-based services. However, potential revenue sources for AI platforms such as OpenAI include advertising, subscription fees, or a marketplace model that shares profits with developers who build AI-powered applications.

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Currently, Apple’s voice assistant, Siri, processes information by sending data to the device and Apple’s servers.

Bank of America analysts also noted that they did not provide specific details on the actual lag experienced in the demo or whether the processing power and internet connection speed of the devices would be sufficient to support the applications on display.

They concluded: “We believe that in the upcoming iPhone 16 Apple will improve the processing capabilities on the device, perhaps by increasing the memory, which will lead to better performance compared to previous versions and thus encourage consumers to upgrade.”

This article was prepared and translated with the help of artificial intelligence and reviewed by an editor. For more details, please see our terms and conditions.

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