6 Artficial Intelligence (AI) Stocks Are Worth Over $1 Trillion. Here Are the 2 Most Likely to Join the Club Next.

Apple's approach to AI has evolved significantly with the introduction of new generative AI capabilities. The company has shifted from being perceived as lagging behind in the race to develop AI technology to being a strong contender with its Apple Intelligence features. Apple has focused on creating a more bespoke approach to generative AI, tailoring the technology specifically to its user experience2. This has been achieved by integrating AI deeply into its operating systems, such as iOS 18, iPadOS 18, and macOS Sequoia, and by prioritizing privacy and on-device processing4.

One of the key aspects of Apple's approach is the use of foundation models that are fine-tuned for specific tasks and user needs. These models are trained on a combination of licensed datasets and publicly available data collected by its web crawler, AppleBot. The company has also developed an efficient infrastructure that allows for rapid retraining, testing, and deployment of adapters when the base model or training data gets updated.

Apple's new generative AI capabilities include features such as creating email summaries, generating images and emoji, and allowing Siri to take actions on the user's behalf3. These features are achieved through a combination of on-device and cloud processing, with a strong emphasis on privacy. Apple has also partnered with ChatGPT creator OpenAI to power some of these features.

In summary, Apple's approach to AI has evolved to focus on creating a more personalized and integrated AI experience for its users, while maintaining its commitment to privacy. The introduction of new generative AI capabilities has positioned Apple as a strong player in the AI space.

Currently, six companies are valued at over $1 trillion due to their investments in artificial intelligence (AI). These companies are:

1. Apple (AAPL): With a market cap of around $3.3 trillion, Apple has recently launched new generative AI capabilities, which are expected to boost its growth.
2. Microsoft (MSFT): Also with a market cap of around $3.3 trillion, Microsoft has greatly benefited from its relationship with ChatGPT creator OpenAI, and is integrating AI technology across its products and services.
3. Nvidia (NVDA): With a market cap of around $3.2 trillion, Nvidia is a leading company in the AI chip market, and its GPU technology is widely used in AI applications.
4. Alphabet (GOOG, GOOGL): The parent company of Google has a market cap of around $2.2 trillion and is investing in AI across its businesses, including its cloud services, search engine, and self-driving car technology.
5. Amazon (AMZN): With a market cap of around $2 trillion, Amazon is using AI to increase revenue in its core e-commerce business and cloud services, as well as investing in self-driving car technology.
6. Meta Platforms (META): With a market cap of close to $1.3 trillion, Meta Platforms (formerly Facebook) is using AI extensively throughout its social media apps, including Facebook and Instagram, and is exploring AI-powered business messaging as a new growth pillar.