Despite the lack of specific details on Apple's AI development, Cook promised to disclose the company's plans later this year. However, a request for an AI transparency report, which would have examined the ethics of Apple's AI usage, was voted down by shareholders at the meeting.
Key takeaways:
- Apple has been slower in developing generative AI products compared to other Big Tech companies like Google, Microsoft, and Meta, causing concern among investors.
- Apple's CEO Tim Cook reassured shareholders that the company is heavily investing in AI and sees great potential for the technology, promising to disclose more plans later this year.
- Despite the demand for AI, some believe the market is driven more by narrative, with calls for Apple to have a compelling story in the AI space.
- Apple shareholders voted against a request for an AI transparency report, which would have investigated the ethical use of AI within the company.