Apple's stock tumbled by $75 billion during their WWDC keynote after software chief Craig Federighi announced that the AI revamp of Siri was still not ready. This situation highlights Apple's delayed advancements in generative AI, particularly when compared to competitors like Google, Microsoft, and OpenAI, who continue to launch new features and updates. Investors were disappointed by the lack of immediate progress, reflecting growing frustration with Apple's broader AI strategy. The company previously faced scrutiny for overstating the availability of its AI technologies, and the delay exacerbates concerns about its competitive stance in the tech industry.
"We're continuing our work to deliver the features that make Siri even more personal...this work needed more time to reach our high quality bar."
"Apple reiterated its message that major AI features are still in the works, while competitors like Google, Microsoft, and OpenAI race ahead with new generative AI models..."
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