Apple Stock Rises After Reports of AI Language Model

Apple stock popped briefly Wednesday after a report said the company was developing its own artificial intelligence large language model internally. It’s up about 1% for the day in midday trading.

Apple Takes AI Technology Seriously

The move signals Apple is taking recent advances in AI technology seriously and is considering integrating them into future products. The company rarely uses the term “artificial intelligence,” instead opting for the more academic “machine learning.”

Apple’s Internal AI Foundation and Chatbot

For the past year, technologists and investors have been enamored of large language models, an AI technology that can turn out text or code that looks like a human wrote it. Apple has an internal foundation for AI called Ajax and a small team of engineers have built a chatbot that some call “Apple GPT,” according to the report. Access to the chatbot is limited within Apple. Some Apple staffers believe the company is aiming for a significant AI announcement next year, according to the report.

Apple’s Use of Machine Learning

Aside from LLMs, Apple uses a lot of machine learning in its products, from Siri speech recognition to the ability of the Photos app to detect faces and pets.

Apple’s Position in the LLM Trend

To some degree, Apple is late to jump aboard the LLM trend. Microsoft has integrated OpenAI’s ChatGPT into its software, Google has integrated its Bard into its search engine, Amazon will offer LLMs through AWS and Meta open-sourced a big LLM project this week.

Qualcomm’s Collaboration with Meta

On Tuesday, Qualcomm, which makes the processors for phones that compete with Apple’s iPhone, said it would work with Meta so its LLMs would work directly on Android devices, instead of on far-away servers in the cloud.

No Response from Apple

Apple representatives didn’t respond to AsumeTech’s request for comment.