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After The Success of the Vision Pro Introduction, an Apple “renaissance” is Expected

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After The Success of the Vision Pro Introduction, an Apple renaissance is Expected

Wedbush analysts predict that Apple’s “product renaissance” will begin with the release of the Apple Vision Pro, which is also the company’s first move toward launching an AI App Store.

Wedbush analysts suggest that the excitement surrounding the first weekend following the announcement of the Apple Vision Pro represents a major boost for Apple, with customers entering the shop with a “curiosity and intrigue for demos and purchases” that the company hasn’t “seen in years.

Wedbush’s Sunday note to investors, which AppleInsider was able to see, said, “We believe Apple Vision Pro is a potential game changer over the coming years and Cupertino has found clear success with this next generation form factor surpassing by a wide margin original Street expectations.”

Wedbush notes that despite Vision Pro’s expensive pricing and “limited audience outside of developers,” he is “surprised at the early mass market appeal Vision Pro is sparking.” The first 600 apps created specifically for visionOS are “well above expectations” and “jaw dropper.”

Check Out What’s New on AppleInsider TV

“We believe Apple Vision Pro is a potential game changer over the coming years and Cupertino has found clear success with this next generation form factor surpassing by a wide margin original Street expectations,” analysts state.

According to industry assessments, the second-generation model could cost less than $2,000 and may come in three model releases. This is “just the start for Vision Pro,” the letter reads, adding that “Apple looks to push more aggressively towards its golden installed base.”

The message speculates on next models, referring to the frequently mentioned smartglasses, predicting “form factors that look like sunglasses” in the upcoming years. Sales of the Apple Vision Pro are anticipated to surpass one million devices by 2025.

An Agenda for AI

Wedbush believes that the Apple Vision Pro is “the first step to Apple pushing into AI and eventually a separate AI App Store,” and that Apple would likely talk about it internally at WWDC. Analysts took note of Apple CEO Tim Cook’s remarks regarding artificial intelligence as well as his plans to make announcements later in 2024.

“We also believe Apple will incorporate generative AI into iPhone 16 and this will mark the start of a new frontier of growth for the golden installed base of Cupertino,” the note continues.

In the upcoming years, Apple hopes to integrate the Vision Pro with the iPhone and other Apple products, “with many consumer AI use cases set to explode across health, fitness, sports content, and autonomous.”

Wedbush contends that other Wall Street pundits are “dismissing Vision Pro as noise,” but he is adamant that it is the “first step towards a much broader technology vision that Cook & Co. plan to push to its installed base over the coming years.”

It is anticipated that Apple would see a “renaissance of growth” throughout the next 12 to 18 months, continuing to be “a table pounder tech stock to own.”

Wedbush continues to rate Apple as “Outperform” with a $250 price target.

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AI Features of the Google Pixel 8a Leaked before the Device’s Planned Release

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A new smartphone from Google is anticipated to be unveiled during its May 14–15 I/O conference. The forthcoming device, dubbed Pixel 8a, will be a more subdued version of the Pixel 8. Despite being frequently spotted online, the smartphone has not yet received any official announcements from the company. A promotional video that was leaked is showcasing the AI features of the Pixel 8a, just weeks before its much-anticipated release. Furthermore, internet leaks have disclosed software support and special features.

Tipster Steve Hemmerstoffer obtained a promotional video for the Pixel 8a through MySmartPrice. The forthcoming smartphone is anticipated to include certain Pixel-only features, some of which are demonstrated in the video. As per the video, the Pixel 8a will support Google’s Best Take feature, which substitutes faces from multiple group photos or burst photos to “replace” faces that have their eyes closed or display undesirable expressions.

There will be support for Circle to Search on the Pixel 8a, a feature that is presently present on some Pixel and Samsung Galaxy smartphones. Additionally, the leaked video implies that the smartphone will come equipped with Google’s Audio Magic Eraser, an artificial intelligence (AI) tool for eliminating unwanted background noise from recorded videos. In addition, as shown in the video, the Pixel 8a will support live translation during voice calls.

The phone will have “seven years of security updates” and the Tensor G3 chip, according to the leaked teasers. It’s unclear, though, if the phone will get the same amount of Android OS updates as the more expensive Pixel 8 series phones that have the same processor. In the days preceding its planned May 14 launch, the company is anticipated to disclose additional information about the device.

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Apple Unveils a new Artificial Intelligence Model Compatible with Laptops and Phones

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All of the major tech companies, with the exception of Apple, have made their generative AI models available for use in commercial settings. The business is, nevertheless, actively engaged in that area. Wednesday saw the release of Open-source Efficient Language Models (OpenELM), a collection of four incredibly compact language models—the Hugging Face model library—by its researchers. According to the company, OpenELM works incredibly well for text-related tasks like composing emails. The models are now ready for development and the company has maintained them as open source.

In comparison to models from other tech giants like Microsoft and Google, the model is extremely small, as previously mentioned. 270 million, 450 million, 1.1 billion, and 3 billion parameters are present in Apple’s latest models. On the other hand, Google’s Gemma model has 2 billion parameters, whereas Microsoft’s Phi-3 model has 3.8 billion. Minimal versions are compatible with phones and laptops and require less power to operate.

Apple CEO Tim Cook made a hint in February about the impending release of generative AI features on Apple products. He said that Apple has been working on this project for a long time. About the details of the AI features, there is, however, no more information available.

Apple, meanwhile, has declared that it will hold a press conference to introduce a few new items this month. Media invites to the “special Apple Event” on May 7 at 7 AM PT (7:30 PM IST) have already begun to arrive from the company. The invite’s image, which shows an Apple Pencil, suggests that the event will primarily focus on iPads.

It seems that Apple will host the event entirely online, following in the footsteps of October’s “Scary Fast” event. It is implied in every invitation that Apple has sent out that viewers will be able to watch the event online. Invitations for a live event have not yet been distributed.
Apple has released other AI models before this one. The business previously released the MGIE image editing model, which enables users to edit photos using prompts.

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Google Expands the Availability of AI Support with Gemini AI to Android 10 and 11

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Android 10 and 11 are now compatible with Google’s Gemini AI, which was previously limited to Android 12 and above. As noted by 9to5google, this modification greatly expands the pool of users who can take advantage of AI-powered support for their tablets and smartphones.

Due to a recent app update, Google has lowered the minimum requirement for Gemini, which now makes its advanced AI features accessible to a wider range of users. Previously, Gemini required Android 12 or later to function. The AI assistant can now be installed and used on Android 10 devices thanks to the updated Gemini app, version v1.0.626720042, which can be downloaded from the Google Play Store.

This expansion, which shows Google’s goal to make AI technology more inclusive, was first mentioned by Sumanta Das on X and then further highlighted by Artem Russakoviskii. Only the most recent versions of Android were compatible with Gemini when it was first released earlier this year. Google’s latest update demonstrates the company’s dedication to expanding the user base for its AI technology.

Gemini is now fully operational after updating the Google app and Play Services, according to testers using Android 10 devices. Tests conducted on an Android 10 Google Pixel revealed that Gemini functions seamlessly and a user experience akin to that of more recent models.

Because users with older Android devices will now have access to the same AI capabilities as those with more recent models, the wider compatibility has important implications for them. Expanding Gemini’s support further demonstrates Google’s dedication to making advanced AI accessible to a larger segment of the Android user base.

Users of Android 10 and 11 can now access Gemini, and they can anticipate regular updates and new features. This action marks a significant turning point in Google’s AI development and opens the door for future functional and accessibility enhancements, improving everyone’s Android experience.

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