Advertisement
Canada markets closed

  • S&P/TSX

    22,813.75
    -58.90 (-0.26%)
     

  • S&P 500

    5,555.74
    -8.67 (-0.16%)
     

  • DOW

    40,358.09
    -57.35 (-0.14%)
     

  • CAD/USD

    0.7255
    -0.0003 (-0.04%)
     

  • CRUDE OIL

    77.11
    +0.15 (+0.19%)
     

  • Bitcoin CAD

    90,921.24
    -1,940.35 (-2.09%)
     

  • CMC Crypto 200

    1,363.85
    -21.41 (-1.55%)
     

  • GOLD FUTURES

    2,408.10
    +0.80 (+0.03%)
     

  • RUSSELL 2000

    2,243.27
    +22.62 (+1.02%)
     

  • 10-Yr Bond

    4.2390
    -0.0210 (-0.49%)
     

  • NASDAQ futures

    19,834.50
    -90.50 (-0.45%)
     

  • VOLATILITY

    14.72
    -0.19 (-1.27%)
     

  • FTSE

    8,167.37
    -31.41 (-0.38%)
     

  • NIKKEI 225

    39,561.47
    -32.92 (-0.08%)
     

  • CAD/EUR

    0.6686
    +0.0004 (+0.06%)
     

Elon Musk strongly criticizes Apple, says he will ban its equipment from Tesla

Investing.com
·3 min read

Investing.com - The "new era" of Apple (NASDAQ: NASDAQ:AAPL), driven by artificial intelligence and announced this Monday at its WWDC 2024 developer conference, did not convince investors. At the close of operations on Wall Street, the shares were punished by a 1.91% drop to $193.12 each, and in after-hours trading, the decline extended to 0.16%.

One of the announcements that has generated the most expectations is the so-called “Apple Intelligence,” a personal intelligence system for iPhone, iPad, and Mac that combines generative artificial intelligence with personal context to offer "incredibly useful and relevant" intelligence for users, according to the company.

"Our unique approach combines generative AI with a user's personal context to deliver truly actionable intelligence. And you can access that information in a completely private and secure way to help users do the things that matter most to them," said Tim Cook, CEO of Apple.

⚠️ It's time to invest in Apple!... Or not? Find out with InvestingPro, where you will also find a wide variety of securities and proven strategies to maximize your profits: Click here to get an EXCLUSIVE DISCOUNT on your one-year subscription.

ADVERTISEMENT

Do you want more? Click here and you will get the MEJORPRO coupon to get 2 years of InvestingPro+ with a one-time discount of 40+10%. Seize it!

As part of the launch, Apple announced the integration of access to ChatGPT, developed by OpenAI, within the iOS 18, iPadOS 18, and macOS Sequoia operating systems. Additionally, your personal assistant Siri will partner with ChatGPT when it is useful to you under user authorization.

Furthermore, Apple stated that ChatGPT will be available in Apple's system-wide writing tools, as well as in ChatGPT's image tools to generate images in a wide variety of styles to complement what users are writing.

“ChatGPT is coming to iOS 18, iPadOS 18, and macOS Sequoia later this year, powered by GPT-4o. Users can access it for free without creating an account, and ChatGPT subscribers can connect their accounts and access paid features directly from these experiences,” Apple reported.

However, this integration has not been well-received by Tesla (NASDAQ: NASDAQ:TSLA) CEO Elon Musk, who claimed that this integration presents a security violation and threatened to ban Apple devices within his companies.

“If Apple integrates OpenAI into the operating system, Apple devices will be banned in my companies. This is an unacceptable security breach. Additionally, visitors will have to leave their Apple devices at the door, where they will be stored in a Faraday cage,” Musk said on his X account.

According to Apple, user privacy protections will be established with the integration of ChatGPT into their devices since their IP addresses are hidden and OpenAI does not store requests.

You may be interested in: NEW ERA! Apple presents AI functionalities, should we invest?

“ChatGPT's data usage policies apply to users who choose to connect their account,” said the company led by Tim Cook.

But Musk is not convinced and went further to assert that “it is completely absurd that Apple is not smart enough to create its own AI, but is capable of guaranteeing that OpenAI protects your security and privacy.”

“Apple has no idea what really happens once it hands over your data to OpenAI. They are selling you at a very low price,” Musk said.

Diversify your portfolio with super powerful AI strategies

As an InvestingPro subscriber you will have access to ProPicks strategies, which are a series of stocks selected by our Artificial Intelligence proven to significantly outperform the S&P 500.

Unleash your full investor potential with InvestingPro! These premium tools will undoubtedly be your best allies as an investor as they will allow you to achieve maximum profitability in the financial market.

With the MEJORPRO coupon you will have a spectacular discount on our 1 and 2 year subscription plans. Click here and redeem your coupon today!

Related Articles

Elon Musk strongly criticizes Apple, says he will ban its equipment from Tesla

These stocks are rallying while markets tread water ahead of key CPI data, Fed

Some Nordic retail brokers allow clients to vote at Tesla AGM