Apple Inc. (AAPL) Named Citi's Top AI Stock Pick for 2025 Amid Positive Feedback on iOS 18 and Potential OpenAI Investment [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
The latest developments in the AI industry from a business perspective highlight a growing momentum, driven by significant investments, innovative product launches, and both regulatory and market challenges. One notable development is the rise of Safe Superintelligence, a company founded by previous OpenAI bigwig Ilya Sutskever, which recently secured $1 billion in funding to advance AI systems with a focus on safety. This significant capital raise from major venture capital firms like Andreessen Horowitz and Sequoia Capital underscores the growing concerns around AI safety, as companies work to ensure that AI technologies are both powerful and aligned with human values. Similarly, the market selloff of Wall Street's favorite GPU maker following a stellar earnings report, resulting in a market value loss of close to $280 billion, reflects investor anxieties over the sustainability of AI growth, compounded by concerns over regulatory scrutiny. Another major business development that
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News
- I Replaced My iPhone Battery at Home and You Can Too [CNET News]CNET News
- Nasdaq composite today: Tech-heavy Nasdaq closed down 0.39% [USA TODAY]USA TODAY
- iPhone 16 Pro review: Apple's most advanced smartphone now has a larger display and its fastest mobile processor to date [Business Insider]Business Insider
- Apple iPhone 16 Pro Max: Great for photos, but is it worth it? Hands-on review [CBS News]CBS News
- Apple still AI winner despite iPhone 16 reception: Analyst [Yahoo! Finance Canada]Yahoo! Finance Canada
AAPL
Earnings
- 8/1/24 - Beat
AAPL
Sec Filings
- 9/10/24 - Form 8-K
- 8/26/24 - Form 8-K
- 8/23/24 - Form 8-K
- AAPL's page on the SEC website