Apple Nears Partnership with OpenAI for Enhanced iPhone AI Features: A Leap for AAPL Stock

  • Apple (AAPL) is reportedly nearing a deal with OpenAI to integrate its generative artificial intelligence technology, ChatGPT, into iPhones.
  • The tech giant has also been in talks with Google (GOOGL) to license its Gemini AI chatbot.
  • Apple’s stock rose Monday following the news, with the company’s CEO, Tim Cook, expressing belief in the transformative power of AI.

Apple is set to boost its next iPhone operating system, iOS 18, with generative AI technology from OpenAI, a move that could revolutionize user experience and drive significant revenue growth.

Apple’s AI Integration Plans

Cupertino, California-based Apple is planning to announce the details of its next software release, iOS 18, at the Worldwide Developers Conference starting June 10. The tech giant is finalizing terms to incorporate OpenAI’s ChatGPT technology into the new operating system. Furthermore, Apple has been in discussions with Google to license its Gemini AI chatbot, according to Bloomberg.

Transformative Power of AI

On a May 2 conference call with analysts, Apple CEO Tim Cook spoke about the potential of AI on Apple devices. “We believe in the transformative power and promise of AI, and we believe we have advantages that will differentiate us in this new era, including Apple’s unique combination of seamless hardware, software and services integration,” Cook said.

Apple Stock Rises On ChatGPT Report

Following the news, Apple stock climbed 1% to 184.94 in morning trades. Wedbush Securities analyst Daniel Ives believes that the addition of AI to Apple’s next handsets will give consumers a reason to upgrade. Apple could also monetize some AI services through subscriptions. “As more apps and tasks are able to be completed with generative AI, Apple stands to monetize a significant revenue base over the coming years with its massive and unmatched 2.2 billion (unit) installed base (of hardware),” Ives said.

Apple Stock Retakes Key Level

Despite the positive news, Jordan Klein, a trading desk analyst with Mizuho Securities, downplayed the impact of any Apple deal with OpenAI or Google. “My take is none of this is thesis changing for any of these stocks,” Klein said. However, Apple stock has been a laggard among the tech giants, but its shares have perked up recently. After its March-quarter earnings report on May 2, Apple stock rose above its 200-day moving average line for the first time in over two months.


Apple’s potential integration of AI technology into its next iPhone operating system could significantly enhance user experience and drive revenue growth. However, the impact of this move on the company’s stock remains to be seen. As the tech giant continues to innovate and explore new technologies, investors and consumers alike will be keenly watching its next moves.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

Delaware Supreme Court Greenlights BitGo’s $100M Lawsuit Against Galaxy Digital (GLXY)

<ul> <li>The Delaware Supreme Court has ruled in...

Coinbase (COIN) Seizes Opportunity Amid U.S. Turmoil: New Strategic Move Against SEC

Coinbase seizes the opportunity amidst disagreements between...

Ethereum (ETH) Pectra Upgrade Date Announced: Key Details Revealed!

Ethereum core developers are gearing up for...

Shiba Inu (SHIB) Exec Forecasts Significant Breakthrough, Shedding ‘Shitcoin’ Label

Shiba Inu Marketing Executive has reassured that...

PRO Analysis

Dogecoin (DOGE) Address Profitability Soars to 83%: Key Insights and Analysis

Dogecoin (DOGE) might be experiencing an immediate price plunge,...

SHIB, DOGE, BONK, FLOKI Price Analysis for May 25: Key Insights and Trends for Top Meme Coins

<ul> <li>Meme coins are experiencing a rebound after...

Bitcoin (BTC) Price Analysis: Experts Predict Potential Downtrend – What’s Next for BTC?

<ul> <li>Bitcoin (BTC) has experienced a significant drop...

Bitcoin (BTC) Faces Resistance-Induced Pullback: Market Analysis and Future Projections

Bitcoin (BTC) recently touched the $72,000 resistance...
Gideon Wolf
Gideon Wolf
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

Election Buzz Fuels Nifty 50 and Sensex (NSE, BSE) to Record 2-Week Gains in 5 Months

<ul> <li>The Nifty 50 and Sensex ended flat in the previous session but recorded their best week since early February.</li> ...

Foreign Portfolio Investors Offload ₹22,046 Crore in Indian Equities: Impact on Market and Future Trends

<ul> <li>Foreign portfolio investors (FPIs) have turned aggressive sellers in Indian markets ever since reducing their buying momentum with the onset...

Infosys (INFY), Havells (HAVELLS), and More to Trade Ex-Dividend Next Week: Complete List Inside

<ul> <li>Dividend stocks have been gaining attention as investors seek stable returns amidst market volatility.</li> <li>Many companies are increasing their dividend payouts,...