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Stock impact report

Apple's new AI model hints at how AI could come to the iPhone [Verge, The]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Verge, The
Apple has been quiet about its plans for generative AI, but with the release of new AI models today, it appears the company's immediate ambitions lie firmly in the “make AI run locally on Apple devices” realm. Researchers from Apple released OpenELM , a series of four very small language models on the Hugging Face model library, on Wednesday. Apple said on its Hugging Face model page that OpenELM, which stands for “Open-source Efficient Language Models,” performs very efficiently on text-related tasks like email writing. The models are open source and ready for developers to use. OpenELM is even smaller than most lightweight AI models It has four sizes: 270 million parameters; 450 million parameters; 1.1 billion parameters; and 3 billion parameters. Parameters refer to how many variables a model understands in decision-making from its training datasets. For example, Microsoft's recently released Phi-3 model bottoms out at 3.8 billion parameters, while Google's Gemma offers a 2 Show less Read more
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