Alphabet’s stock surges 7% amid news of Apple negotiating to license Gemini AI for iPhones

Shares of Alphabet surged over 7% on Monday morning after news surfaced about potential licensing discussions between tech titan Apple and Gemini for upcoming iPhone models. Concurrently, Apple’s stocks experienced a rise of over 2%.

Gemini, Google’s suite of generative artificial intelligence tools, spans from chatbots to coding assistants. According to a report from Bloomberg, Apple is currently in discussions with Alphabet-owned Google to potentially license and integrate its Gemini AI engine into the iPhone.

Sources familiar with the matter revealed that the two tech giants are actively negotiating for Gemini to power certain new features slated for release in the upcoming iPhone software later this year. Apple’s anticipated iOS 18 update is expected to be unveiled at its Worldwide Developers Conference, typically held before the software’s fall release to consumers, where Apple may elaborate on its plans for generative artificial intelligence.

Apple CEO Tim Cook has expressed the company’s substantial investment in AI during its annual shareholder meeting in February, hinting at forthcoming advancements in generative AI. Additionally, Apple has reportedly engaged in discussions with OpenAI regarding potential utilization of its model, according to Bloomberg’s sources.

However, details such as the terms, branding, and implementation of an AI agreement between Apple and Google have not been finalized, as noted in the report. CNBC has been unable to independently confirm Bloomberg’s report, and Apple declined to comment while Alphabet did not immediately respond to CNBC’s inquiries.

Read More: Google will address issues with its AI picture bot following criticism

Disclaimer:
This content is AI-generated using IFTTT AI Content Creator. While we strive for accuracy, it’s a tool for rapid updates. We’re committed to filtering information, not reproducing or endorsing misinformation. – Jomotoday for more information visit privacy policy