Apple (AAPL) has officially released updates for its iPhone, iPad and Mac software that include the integration of ChatGPT artificial intelligence (AI) technology with its digital assistant Siri.
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The ChatGPT integration would be triggered when users ask Siri complicated questions. When Siri is asked a question that Apple’s software is better suited to ChatGPT, it asks the user for permission to access the service of the private start-up OpenAI.
Apple says it has built privacy protections into the new AI functionality, and that OpenAI will not store any requests it receives from users. The latest version of ChatGPT, known as GPT-4o, is used with Apple devices.
An important step for Apple
iOS 18.2 software update is considered an important step for Applewhich touted its “Apple Intelligence” offering during the marketing of its latest iPhone 16 smartphones. Apple first announced the integration of ChatGPT in June and its arrival was eagerly awaited by consumers and analysts.
Other Apple Intelligence features include writing tools that can proofread or rewrite text, a new design for Siri that makes the phone screen glow, and notification summaries. The tech giant says it will release another AI update to its devices next year, which will include significant improvements to Siri, including the ability to perform actions in apps.
Users need an iPhone 15, iPhone 15 Pro, or any iPhone 16 model to install and use the ChatGPT AI integration. AAPL stock is up 30% this year.
Is AAPL Stock a Buy?
Apple stock enjoys a Moderate Buy consensus rating among 31 Wall Street analysts. This rating is based on 20 buy, nine hold and two sell recommendations issued over the past three months. THE AAPL average price target of $242.51 implies a downside risk of 2.82% from current levels.
