Meta says it will take years to make money from generative AI – but what about Apple?

Summary

The article explores the investment of tech companies in generative AI and AI chips, with a focus on Meta's plans and Apple's prospective AI features in iOS 18. Meta has integrated AI into its apps and foresees long-term profit, despite high costs, including a significant spend on Nvidia AI chips. Apple's strategy might involve a blend of on-device and server-based AI, potentially monetizing advanced AI features through subscriptions. Key players like OpenAI (ChatGPT) and Google are also mentioned in the context of AI advancements and their implications for companies like Meta and Apple.