Apple’s Gemini Deal Marks Strategic AI Shift as Siri Overhaul Looms
Apple's partnership with Google to power its Apple Intelligence features with Gemini AI signals a catch-up move in the generative AI race. The collaboration, announced Monday, will enable an AI-enhanced Siri by year-end—addressing investor concerns about Apple's delayed AI roadmap.
Alphabet shares hit record highs post-announcement, briefly pushing its market cap above $4 trillion. Wedbush's Dan Ives called the deal a "major validation" for Gemini, while JPMorgan maintained its overweight rating on Apple, noting the partnership de-risks its AI timeline.
The MOVE comes as crypto markets show parallel tech convergence trends, with AI-blockchain projects like Fetch.ai (FET) and SingularityNET (AGIX) gaining traction. Unlike Apple's walled-garden approach, decentralized AI networks emphasize open access—a philosophical divide shaping both sectors' evolution.