Key Takeaways
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Some news said that tech giant Apple is in talks to license Gemini AI to empower the upcoming iPhones. This caused Alphabet shares to rise more than 7% Monday morning. More than 2% of Apple shares went up.
Gemini is Google’s collection of generative AI tools, which includes chatbots and code helpers.
A report from Bloomberg says that Apple is in talks with Alphabet-owned Google to license Google’s Gemini AI engine and build it into the iPhone.
Some sources close to the situation reported to Bloomberg that the two tech giants are “in active negotiations” for Gemini to power some new features that will be added to the iPhone software later this year.
iOS 18 will be Apple’s next big update for the iPhone, and it will likely be released at its Worldwide Developers Conference. The company may talk more about its plans for creative AI at that time. It also usually talks about its newest iPhone software before it comes out to customers in the fall.
Tim Cook, CEO of Apple, said at the company’s annual meeting in February that the business is “investing significantly” in AI.
“Later this year, I look forward to telling you how we will break new ground in generative AI,” Cook said. “This is another technology that we think can change the future.”
Bloomberg cites people who say the company has also recently talked with OpenAI and has thought about using its model.
Despite this, the report stated that “the two parties haven’t decided the terms or branding of an AI agreement or finalized how it would be implemented.”