| It’s not an announcement, and the headline is a lie that has nothing to do with Apple. Apple published an academic paper, as they have been doing for years, showing a model that objectively outperforms GPT-4 on one narrow test. Nowhere do they claim to outperform GPT-4 in general. Assuming that this is somehow intended to manipulate the stock price is not a rational analysis of what is going on. Also, Apple has operated on a predicable release schedule for a decade now. They have already said that they will be announcing their AI work at WWDC. It’s unclear what anyone is expecting them to do differently or why it would make any sense. As for the stock price - the explanations as to why it’s depressed are twofold - one is regulatory action, and the other is frenzied investors who want to jump on the AI bandwagon. Dropping sales in China is a headline like a stopped clock. Usually wrong, sometimes right, and we only find out which at earnings time. Note that nobody’s AI product is doing great yet, so for the most part it’s all performative, something that Apple doesn’t engage in. |