Apple Briefly Becomes Most Valuable Company After AI Announcements

Apple briefly surpassed Microsoft to become the world's most valuable company.

  • Apple briefly surpassed Microsoft to become the world’s most valuable company.
  • Apple’s market cap reached $3.27 trillion following AI feature announcements at WWDC 2024.
  • Apple Intelligence features will be available on iPhone 15 Pro, iPads, and MacBooks with M-series chips.

Apple briefly overtook Microsoft to become the most valuable company in the world, with a market cap of $3.27 trillion, just behind Microsoft’s $3.28 trillion. This shift occurred after Apple’s AI feature announcements at WWDC 2024, highlighting the company’s renewed focus on artificial intelligence.

The introduction of Apple Intelligence, a suite of AI features integrated into iOS 18, was a key factor in Apple’s rise. These features include advanced writing tools and an upgraded Siri that can perform system-based actions like searching for specific photos and retrieving flight information from emails. However, these features will only be available on the iPhone 15 Pro, iPhone 15 Pro Max, iPads, and MacBooks with M-series chips due to hardware requirements.

Apple’s quick ascent in market value can be attributed to its AI advancements, closing the gap with competitors like Microsoft, Google, OpenAI, and NVIDIA. Additionally, Apple has partnered with OpenAI to enhance its AI capabilities and hinted at future collaborations with Google for the Gemini AI models, signaling a strong commitment to staying competitive in the AI landscape.

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