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🍎 Apple's $1 Billion AI FOMO

🍎 Apple's $1 Billion AI FOMO

PLUS: PEPE Burns 5.5M Tokens and Bitcoin Surges to $35k

Promptbox | Kevin
October 24, 2023

The stories that matter most to you
Read Time: 3.7 mins

Good Morning from the Promptbox Team!

Rocktober has once again lived up to its name, decimating bears as Bitcoin runs up from $30k to $35k, but now what?

First, this is an unusual rally as it looks to be fueled by institutional FOMO, which we haven’t really seen before. If the reports are correct and BlackRock is seeding its ETF, no one wants to get left behind.

But, if any of the reports turn out to be just a rumor then expect it to go down just as fast - probably all the way back down to 28k, where we have historical support/volume.

There is a saying, ‘if it’s fast, it’s false’. Something to keep in mind.

Personally, I’m still buying because if you believe in the 4-year cycle, as I do, November is going to be wild.

Happy Tuesday. Let's get it.

- Kevin

TODAY’S UNBOXING

READ: Apple’s AI FOMO
BIG STORY: PEPE Burns 5.5M and PAMPS
Bears are ded + other Web3 and crypto stories
5 Trending AI Tools so you don’t get left behind
4 AI Top Stories to keep you in the loop
Midjourney: Celebrities if they were still alive and a very cool LOTR collection

Apples FOMOs into AI with $1B Push

October 24, 2023

Apple was seemingly blindsided by the rapid advancement of generative artificial intelligence, notably exemplified by OpenAI's ChatGPT.

This apparent oversight has prompted the company to take massive financial step, underlined by an annual billion-dollar commitment, to bridge this technological gap and maintain its market leadership.

Key Facts

Significant Investment: Apple is dedicating $1 billion to advance in generative AI technology, looking to integrate it across their product range.
Leadership Involvement: The initiative is spearheaded by Apple's senior vice presidents, John Giannandrea and Craig Federighi.
Rapid Response: Despite CEO Tim Cook's claims of Apple's longstanding work on generative AI, reports suggest Apple executives were unprepared for the industry's swift AI evolution and have been playing catch-up since last year.

❝

Apple has been working on generative AI technology for years. But I can tell you in no uncertain terms that Apple executives were caught off guard by the industry’s sudden AI fever and have been scrambling since late last year to make up for lost time

Tim Cook, CEO

While Apple's response signifies its ambition to reclaim its forefront position in the AI revolution, it also sheds light on the cutthroat pace of innovation in the tech world.

As other tech giants press ahead with AI advancements, Apple's billion-dollar commitment showcases not just a desire to catch up, but potentially to redefine the AI narrative in their signature style.

Take a look at the full story below.

Promptbox’s Top Trending AI Stories:

PROTECTION
Workers training AI Large Language Models demand protections from Congress
In a letter addressed to Senate Majority Leader Chuck Schumer (D-NY), workers and civil society groups demanded Congress guard against a “dystopian future” of surveillance and low wages for the people in charge of training AI algorithms.

POISON PILL
This new data poisoning tool lets artists fight back against Gen AI
The tool, called Nightshade, is intended as a way to fight back against AI companies that use artists’ work to train their models without the creator’s permission. Dogs become cats, cars become cows …

HEART HEALTH
With the help of AI, cardiologists can predict who will develop A-fib
Cardiologists have developed an algorithm to detect an irregular heart rhythm called A-Fib, a month before it happens. It's one example of AI finding patterns the human eye can't see.

WHITE HOUSE
White House announces 31 tech hubs to focus on AI, clean energy and more
The White House announced Monday it is designating 31 technology hubs to improve American competitiveness in the technology sector. The hubs will be able to compete for $40 million to $75 million apiece in grants, the White House said

MIZFYT

In another universe, these stars are alive. Can you name them?
Collection of 5
16 Comments
Top Comment: Is the last one Aaron Carter?

Hi-od

Lord of the Rings in Byzantine Style
Collection of 10
57 Comments
Top Comment: This is unbelievably good.

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