“In a world obsessed with the next big tech trend, have we already begun to overlook the true potential of artificial intelligence? As Jim Cramer asks—does anyone care about AI anymore, or has it become yesterday’s news in the race for innovation?”
Artificial Intelligence (AI) has been driving innovation in industries from healthcare to finance, but when Jim Cramer recently questioned its relevance in Apple Inc. (AAPL), it sparked an important conversation: “Does anyone care about artificial intelligence anymore?” While AI is still pivotal for Apple’s strategy, the debate about its visibility and long-term impact remains relevant.
Apple’s Quiet AI Revolution
Apple may not market itself as an “AI-first” company like some of its competitors, but it certainly uses AI across its products. AI powers many essential features such as the advanced photography algorithms in iPhones, the Face ID security system, and predictive text in the iOS system.
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In 2020, Apple acquired Xnor.ai, an AI startup focused on edge computing, which allows for AI to run directly on devices instead of relying on cloud computing. This ensures better privacy and speed, as seen in Apple’s on-device processing of Siri and other AI services.
Apple’s AI advancements aren’t always front and center but are critical to the company’s long-term growth. According to Jim Cramer, while many investors focus on Apple’s hardware sales, they often overlook the growing ecosystem of two billion active devices globally, primed for AI-driven services and upgrades​(Benzinga).
Some of the largest macro moves in the market today include: US Dollar Index -0.4%. CAC 40 Index (France) +0.6%. Some of the largest moves among US mega-cap stocks include: Apple Inc (AAPL) -2.7%. JPMorgan Chase & Co (JPM) +1.8%. Exxon Mobil Corp (XOM) +1.6%.
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Jim Cramer’s Concern: Is AI Being Overlooked?
In a recent discussion, Jim Cramer questioned whether AI has lost its place in the spotlight as investors focus more on Apple’s hardware and immediate revenue concerns. The company’s recent earnings report revealed a year-on-year sales drop for the fourth consecutive quarter. However, Cramer remains optimistic about Apple’s growth potential, especially as it expands into international markets like India, Vietnam, and Brazil.​(Benzinga).
Despite these concerns, AI continues to play a significant role in Apple’s innovation. AI-driven features enhance the company’s vast array of services, including Siri, Apple Music, and Apple Health, creating seamless experiences for users. Apple’s AI emphasis also extends to augmented reality (AR), a field where it continues to push boundaries with products like the iPhone Pro and Vision Pro.
The AI Companies Apple Acquired
Apple has made several strategic acquisitions to bolster its AI capabilities. One of the most notable purchases was Turi, a machine learning company that helps build smarter AI models. This acquisition allows Apple to enhance its products with AI tools that improve device user experiences. Furthermore, Apple’s acquisition of Drive.ai, a self-driving car startup, suggests that the company is exploring AI in transportation as well​(Benzinga).
FAQ
Does Apple utilize artificial intelligence?
Yes, Apple extensively uses AI in its products, from Face ID to Siri. Additionally, it integrates AI into services like photo recognition, text prediction, and augmented reality.
What AI company did Apple buy?
Apple purchased Xnor.ai in 2020, a startup focused on edge AI computing. The company has also acquired Turi and Drive.ai to bolster its AI and machine-learning capabilities.
Is Siri real or fake?
Siri is an AI-powered virtual assistant that uses natural language processing to respond to user commands. While not perfect, it represents one of the most successful integrations of AI into a consumer product.
AI’s Quiet Power at Apple
While AI may not dominate headlines in the context of Apple Inc. (AAPL), its importance cannot be understated. From enhancing the user experience to creating privacy-focused AI tools, Apple continues to innovate with AI at its core. As Jim Cramer noted, investors should look beyond immediate sales reports and appreciate Apple’s long-term vision, which heavily relies on AI-driven growth.
