From Nasdaq:



– Apple is working on developing its generative AI system and is reportedly negotiating with major news and publishing organizations to use their archives of news articles in the development process.
– The company plans to spend $50 million for licensing the archives of the news articles from major news organizations.
– Microsoft, Amazon, and Alphabet are currently dominating the generative AI space, and Apple is working on catching up by developing solutions to run large language models from an iPhone or iPad to improve its competitive prowess.



Read more: Apple (AAPL) to License News Archives for its Generative AI