Apple Stock News: Developing New AI Chip

Apple Stock News

For the latest Apple Stock News, AAPL closed at $153.61 on Friday, May 26th, 2017. It had a loss of -0.17%  from its previous close of $153.87 per share.

Artificial Intelligence (AI) has been among the most exciting technology to be utilized in recent years. Looking to take artificial intelligence to the next level, Apple is developing, Apple Neural Engine. This new processing chip will expand Apple product’s capabilities beyond Siri. The new processing chip will handle tasks normally used by humans such as facial recognition. Apple first incorporated AI in 2011 when Apple introduced Siri to their smartphones.

Apple is attempting to play catch up with Amazon and Alphabet. Amazon’s Echo and Google’s Home digital assistants has given these companies the edge in utilizing the technology. AI is the future for Apple.  The Apple Neural Engine in an iPhone would relieve demand from its main processing unit and its graphics card. Although this may increase weight, the savings in demand for performance could save in battery life.

The new chip will be discussed at the upcoming developer’s conference in June. Apple is also scheduling to release its latest operating system, the iOS 11.

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