Apple’s AI Deal Reshuffles Rankings 6/13/24

Apple shook up the AI arms race this week, after unveiling its system "Apple Intelligence" and a partnership with OpenAI. But that could potentially put Microsoft, an early winner, on the backfoot. Apple briefly surpassed Microsoft in terms of market cap today, and new details in the Apple-OpenAI deal makes Microsoft look more like an AI cloud provider and less of an innovative AI pioneer.