15 AI News Updates That Broke The Internet

1.     Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that has reinforced its mark in the AI space with the launch of Apple Intelligence, its personal intelligence system. On December 5^th, prominent news sources The Information and Reuters reported how Apple Inc. (NASDAQ:AAPL) and Baidu are working together to add AI features to iPhones sold in China. However, they are facing obstacles that could potentially hurt the tech giant’s phone sales in the country. Baidu’s large language models are being used for iPhone users, but the companies are struggling with issues such as the LLMs’ understanding of prompts and accuracy in responding to common scenarios. Apple’s launch of the iPhone16 in China was met with scorn due to the lack of AI features in them. This is because the government has mandated that generative AI-based chatbots need to be vetted before their public release. The hashtag “iPhone 16 Chinese version doesn’t support AI yet” garnered 11.33 million views and over 1,500 comments on Weibo.

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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