Apple in advanced talks with OpenAI to use ChatGPT technology on iPhone

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CFRA on Apple (AAPL) and OpenAI Chatter

May 13, 2024 12:53 PM EDT

CFRA analyst Angelo Zino reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "According to an unconfirmed Bloomberg report, AAPL is closing in on a deal that would allow OpenAI to support new AI features for the company's iOS... More

Security is among top priorities for Microsoft (MSFT) after recent cyberattacks

May 13, 2024 12:29 PM EDT

Analysts at Piper Sandler reiterated an Overweight rating and $465 price target on Microsoft (NASDAQ: MSFT) in a note Monday, telling investors that the company's security segment remains a "key growth vector with healthy secular tailwinds."

The firm estimates that Security has crossed over ~10% of sales with broad reach into... More

Wedbush on Apple (AAPL): 'Apple and OpenAI Appear to be a Done Deal; AI Foundationfor iPhone 16 Forming'

May 13, 2024 6:44 AM EDT

Wedbush analyst Daniel Ives reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "We believe as more apps and tasks are able to be completed with generative AI Apple stands to monetize a significant revenue base over the... More

Google stock slips on Apple-ChatGPT rumors; OpenAI to reveal updates

May 13, 2024 6:27 AM EDT

Shares in Google owner Alphabet (NASDAQ: GOOGL) slipped in Monday premarket on reports that Apple (NASDAQ: AAPL) is nearing a deal to integrate OpenAI's technology into the iPhone, aiming to equip its devices with artificial intelligence features.

According to Bloomberg News, the company is in the final stages of negotiating an agreement to incorporate ChatGPT functionalities into iOS 18, Apple's upcoming iPhone operating system.... More