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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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Biden, Kishida Secure Support from Amazon and Nvidia for $50 Million Joint AI Research Program

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As the two countries seek to enhance cooperation around the rapidly advancing technology, President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com Inc. and Nvidia Corp. to fund a new joint artificial intelligence research program.

A senior US official briefed reporters prior to Wednesday’s official visit at the White House, stating that the $50 million project will be a collaborative effort between Tsukuba University outside of Tokyo and the University of Washington in Seattle. A separate collaborative AI research program between Carnegie Mellon University in Pittsburgh and Tokyo’s Keio University is also being planned by the two nations.

The push for greater research into artificial intelligence comes as the Biden administration is weighing a series of new regulations designed to minimize the risks of AI technology, which has developed as a key focus for tech companies. The White House announced late last month that federal agencies have until the end of the year to determine how they will assess, test, and monitor the impact of government use of AI technology.

In addition to the university-led projects, Microsoft Corp. announced on Tuesday that it would invest $2.9 billion to expand its cloud computing and artificial intelligence infrastructure in Japan. Brad Smith, the president of Microsoft, met with Kishida on Tuesday. The company released a statement announcing its intention to establish a new AI and robotics lab in Japan.

Kishida, the second-largest economy in Asia, urged American business executives to invest more in Japan’s developing technologies on Tuesday.

“Your investments will enable Japan’s economic growth — which will also be capital for more investments from Japan to the US,” Kishida said at a roundtable with business leaders in Washington.

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OnePlus and OPPO Collaborate with Google to Introduce Gemini Models for Enhanced Smartphone AI

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As anticipated, original equipment manufacturers, or OEMs, are heavily integrating AI into their products. Google is working with OnePlus, OPPO, and other companies to integrate Gemini models into their smartphones. They intend to introduce the Gemini models on smartphones later this year, becoming the first OEMs to do so. Gemini models will go on sale later in 2024, as announced at the Google Cloud Next 24 event. Gemini models are designed to provide users with an enhanced artificial intelligence (AI) experience on their gadgets.

Customers in China can now create AI content on-the-go with devices like the OnePlus 12 and OPPO Find X7 thanks to OnePlus and OPPO’s Generative AI models.

The AI Eraser tool was recently made available to all OnePlus customers worldwide. This AI-powered tool lets users remove unwanted objects from their photos. For OnePlus and OPPO, AI Eraser is only the beginning.

In the future, the businesses hope to add more AI-powered features like creating original social media content and summarizing news stories and audio.

AndesGPT LLM from OnePlus and OPPO powers AI Eraser. Even though the Samsung Galaxy S24 and Google Pixel 8 series already have this feature, it is still encouraging to see OnePlus and OPPO taking the initiative to include AI capabilities in their products.

OnePlus and OPPO devices will be able to provide customers with a more comprehensive and sophisticated AI experience with the release of the Gemini models. It is important to remember that OnePlus and OPPO already power the Trinity Engine, which makes using phones incredibly smooth, and use AI and computational mathematics to enhance mobile photography.

By 2024, more original equipment manufacturers should have AI capabilities on their products. This is probably going to help Google because OEMs will use Gemini as the foundation upon which to build their features.

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Meta Explores AI-Enabled Search Bar on Instagram

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In an attempt to expand the user base for its generative AI-powered products, Meta is moving forward. The business is experimenting with inserting Meta AI into the Instagram search bar for both chat with AI and content discovery, in addition to testing the chatbot Meta AI with users in nations like India on WhatsApp.

When you type a query into the search bar, Meta AI initiates a direct message (DM) exchange in which you can ask questions or respond to pre-programmed prompts. Aravind Srinivas, CEO of Perplexity AI, pointed out that the prompt screen’s design is similar to the startup’s search screen.

Plus, it might make it easier for you to find fresh Instagram content. As demonstrated in a user-posted video on Threads, you can search for Reels related to a particular topic by tapping on a prompt such as “Beautiful Maui sunset Reels.”

Additionally, TechCrunch spoke with a few users who had the ability to instruct Meta AI to look for recommendations for Reels.

By using generative AI to surface new content from networks like Instagram, Meta hopes to go beyond text generation.

With TechCrunch, Meta verified the results of its Instagram AI experiment. But the company didn’t say whether or not it uses generative AI technology for search.

A Meta representative told TechCrunch, “We’re testing a range of our generative AI-powered experiences publicly in a limited capacity. They are under development in varying phases.”

There are a ton of posts available discussing Instagram search quality. It is therefore not surprising that Meta would want to enhance search through the use of generative AI.

Furthermore, Instagram should be easier to find than TikTok, according to Meta. In order to display results from Reddit and TikTok, Google unveiled a new perspectives feature last year. Instagram is developing a feature called “Visibility off Instagram” that could allow posts to appear in search engine results, according to reverse engineer Alessandro Paluzzi, who made this discovery earlier this week on X.

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