""The Biggest Loser" was a successful NBC show from 2004 to 2016. In this fascinating race, contestants competed to lose the most weight over a 30-week period. They were weighed at set intervals, and the winner won a cash prize. The artificial intelligence race has become its own reality TV show, and Apple Inc. ( NASDAQ: AAPL) has lost the contest. CEO Tim Cook has failed to launch a state-of-the-art AI product like most of his rivals did. His announcement yesterday reveals this."
"This week, the tech industry saw a dizzying array of announcements. Meta Platforms Inc. ( NASDAQ: META) hired a financial expert as its president and vice chair. She is tasked with building and financing the data centers at the heart of the AI race. Simultaneously, Meta cut about 10% of its Reality Labs staff, a move made without much explanation."
"First to reach the level was Nvidia Corp. ( NASDAQ: NVDA), which builds the chips that power the entire AI world. Meanwhile, Microsoft Corp. ( NASDAQ: MSFT) executives said China is winning the AI race outside the United States. The company's president, Brad Smith, fretted that "We have to recognise that right now, unlike a year ago, China has an open-source model, and increasingly more than one, that is competitive.""
Apple has fallen behind rivals in the artificial intelligence race by failing to deliver a state-of-the-art AI product and losing key AI talent. Tim Cook promised an operating system update in early 2026 to add AI features to the iPhone 17, but the market remains awaiting results. Competitors are aggressively investing: Meta hired a financial executive to build and finance AI data centers while cutting Reality Labs staff; Alphabet reached a $4 trillion market cap; Nvidia supplies essential AI chips; Microsoft warned China is advancing with competitive open-source AI models; Amazon reported building its own AI chips.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]