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Apple CEO Tim Cook is promising that Apple will "break new ground" on GenAI this year. Cook made the pronouncement during the company's annual shareholders meeting today, which came in the same week the company reportedly scuttled its multibillion-dollar, decade-long plan to build an EV. Apple, unlike many of its Big Tech rivals, has been slow to invest in and ramp up GenAI.
Such is the clout of NVIDIA that its earnings on Wednesday have become the highlight financial event of the week despite a relatively busy macroeconomic calendar.