From Nasdaq:

Google’s parent company, Alphabet, surged 4.6% following reports of a potential partnership with Apple for AI integration in the iPhone. This move could mirror their search deal and boost both companies in the AI race, although it may face regulatory scrutiny.

Apple considers teaming up with Google for access to powerful language models to catch up in the AI race led by Microsoft. Despite imperfections in current models, a potential collaboration could benefit both companies in the long run.

As generative AI technology advances rapidly, the prospect of error-free language models may be closer than anticipated. While current models may still experience occasional errors, a Google-Apple partnership could lead to significant advancements in the AI industry.

Alphabet stock is rated a Strong Buy by analysts, with a target price implying upside potential. Similarly, Apple stock is a Moderate Buy, with an average price target suggesting potential growth. A potential Google-Apple AI partnership presents an opportunity for both companies to excel in generative AI technology.



Read more at Nasdaq: Apple-Google Gemini Partnership Could Make an Unstoppable AI Force