Strive for generative AI to land on the iPhone this year.

Apple's iPhone is beginning to exert its strength in the field of AI, and at the upcoming WWDC 2024 global developers conference, Apple is expected to showcase its latest advancements in the realm of artificial intelligence.

It is reported that Apple will introduce a brand-new upgraded Siri voice assistant, with the underlying technology incorporating a completely new generative AI system. This system will not only support intelligent Q&A across a broader range of fields but also enable continuous conversation and deep learning.

In simple terms, the upgraded Siri will be more intelligent and human-like, capable of better understanding users' intentions and needs. For instance, when users set timers or create schedules, Siri will be able to respond more quickly and accurately execute users' commands.

Without any unexpected issues, the newly upgraded Siri will also be able to proactively provide personalized recommendations and suggestions to users based on their usage habits and preferences.

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According to reports, the cooperation between Apple and OpenAI is expected to be signed next month, so the iPhone 16 and iOS 18, which will be released in September this year, will feature excellent AI capabilities brought by ChatGPT.

Although Apple was previously in talks with Google for a bilateral AI cooperation, the report indicates that Apple's cooperation with OpenAI has taken the lead. The two parties are already discussing and revising the final terms of the contract, with an official signing announcement expected in June.

In recent years, AI has developed at a rapid pace, but Apple has not yet launched an ideal product in this area. In order to turn the tide, Apple has negotiated cooperation with both Google and OpenAI, with the cooperation with OpenAI progressing more swiftly. It is anticipated that the iPhone 16 series and iOS 18, set to be released in September this year, will incorporate many features of ChatGPT.Integrating ChatGPT into iOS 18 also enables the new iPhone 16 series to offer more powerful AI assistant features. The capabilities of Siri are expected to see a leap forward, and this will likely be one of the key points emphasized at Apple's September event.

However, neither Apple nor OpenAI have commented on this matter so far. Therefore, which ChatGPT features the new iOS will have and how they will be presented are still unknown until Apple announces the partnership next month.

In addition, according to reports, Apple plans to place high-end chips, including the M-series chips, into cloud computing servers to handle computationally intensive AI functions, while relatively simpler AI-related functions are processed locally on terminal devices such as iPhones, iPads, and Macs.

New information on Apple's folding screen

In addition to the upgrade of Siri, the news of Apple's cooperation with Samsung has also attracted widespread attention. According to Taiwan's media outlet Digitimes, Apple has signed an agreement with Samsung SDC to provide display materials for the upcoming folding screen iPhone.

This news once again confirms the rumors that Apple is actively developing foldable devices and may launch them in the near future, at least entering a new field.

In fact, looking back at past reports, Apple has always been highly attentive to foldable screen technology. For example, the United States Patent and Trademark Office (USPTO) has published a list showing that Apple has obtained a new patent for a foldable screen iPhone.

The biggest highlight of the patent is the unique hinge design, which can achieve both inward and outward folding. This design not only enhances the practicality of the folding screen but also brings more possibilities to users.

If all goes as planned, Apple intends to start mass production of a 20.3-inch folding screen device in the second half of 2025 and launch a folding screen iPhone in the second half of 2026.The key is that the introduction of a foldable iPhone will bring many advantages to Apple, such as greatly expanding the screen area of the iPhone, providing users with a more immersive visual experience.

Or the foldable iPhone will have stronger portability and foldability, making it convenient for users to use anytime, anywhere, and further enhancing Apple's competitiveness in the smartphone market, consolidating its leading position.

Therefore, Apple's progress in artificial intelligence and foldable screen technology will inject new vitality into its future development, and it is also the key to increasing market share.

Why did Buffett cut his holdings in Apple?

Berkshire Hathaway's shareholder meeting announced the first quarter financial report, which shows that the insurance business performed well, with operating profits increasing by 39% year-on-year, reaching $11.2 billion; the cash and cash equivalents level is close to $189 billion, setting a new high.

From Berkshire Hathaway's first quarter financial report, it can be known that it holds $135.4 billion worth of Apple shares, about 790 million shares. CNBC estimates that Berkshire Hathaway has reduced its holdings by about 13%, which is also the second consecutive quarter that Berkshire Hathaway has reduced its holdings in Apple, but Apple is still the largest holding position in Berkshire Hathaway.

Buffett explained that the reduction in Apple shares is not based on his judgment of the company's long-term outlook, but is based on tax considerations for investment gains, because the tax rate may increase.

Despite the recent slowdown in Apple's product sales performance, the main product iPhone's sales in the last quarter declined by 10% compared to the same period last year; but Buffett said that Apple is "very likely" still the largest holding position in Berkshire Hathaway. He also mentioned that in addition to Apple, Berkshire Hathaway will continue to hold shares of companies such as American Express and Coca-Cola, and Apple is a better company than American Express and Coca-Cola. As for Berkshire Hathaway's sale of Paramount Global shares, Buffett frankly said, "This is 100% my decision, we sold all, and lost a lot of money."