Apple Set to Integrate Sam Altman-Led's ChatGPT On iPhones

Apple ( AAPL ) is close to a deal with OpenAI, parent company of ChatGPT, to integrate its technology into iPhones as part of a strategy to introduce artificial intelligence features to its devices. Apple is finalizing an agreement with Microsoft-backed OpenAI to use ChatGPT features in iOS 18, the upcoming iPhone operating system. Apple is also in discussions with Alphabet's Google to potentially license Gemini.

The potential deal would allow Apple ( AAPL ) to offer a popular chatbot as part of a series of new AI features, which the company plans to unveil at its annual Worldwide Developers Conference in June. Apple CEO Tim Cook has expressed confidence in its AI prospects despite concerns from investors and has invested $100 billion in research and development over the past five years. Apple's push into the AI space includes the development of its own AI chips for data centers, codenamed ACDC, which could potentially disrupt the market.

Technical Outlook
Despite the positive development, Apple Inc. ( AAPL ) stock closed Friday's trading session down by 0.82% and also closed with a Relative Strength Index (RSI) of 63.62. Apple's ( AAPL ) daily price chart formed a downward gapping pattern which is a bearish reversal pattern. But investors ought to be cautious of any further development as Apple stock ( AAPL ) has performed considerably well 1st quarter.