"Apple and Alphabet have reached a deal for Google's Gemini to power Siri's artificial intelligence capabilities. The companies said these models would help power future Apple Intelligence features, including a more personalized Siri coming this year. "After careful evaluation, Apple determined that Google's AI 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 and Google wrote in a statement."
""This is what the Street has been waiting for with the elephant in the room for Cupertino revolving around its invisible AI strategy," Wedbush analysts wrote in a note on Monday morning, referring to Apple's Cupertino headquarters, "but we believe this is an incremental positive to both AAPL and GOOGL as a major validation moment for Google as a premier foundation model and for Apple as a stepping stone to accelerate its AI strategy into 2026 and beyond.""
Apple and Alphabet reached an agreement for Google's Gemini to power Siri's artificial intelligence capabilities. Gemini models will help power future Apple Intelligence features, including a more personalized Siri expected this year. Apple determined that Google's AI technology provides a capable foundation for its foundation models and expects innovative experiences for users. Speculation had circulated that Apple considered paying roughly $1 billion annually to use Gemini. Alphabet shares rose after the announcement, briefly lifting its market value to about $4 trillion. Analysts view the deal as a validation for Google and a boost to Apple's AI efforts after lagging post-ChatGPT.
Read at Business Insider
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