Connect with us

Tech

Apple Intelligence’s Meh Moment Ahead? Analyst Predicts 5 Months Of Build-Up Could Lead To A ‘That’s It?’ Reaction

Published

on

Apple Intelligence’s Meh Moment Ahead? Analyst Predicts 5 Months Of Build-Up Could Lead To A ‘That’s It?’ Reaction

Apple Intelligence’s Meh Moment Ahead? Analyst Predicts 5 Months Of Build-Up Could Lead To A ‘That’s It?’ Reaction

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

On Sunday, an analyst expressed doubts about Apple Inc.’s (NASDAQ:AAPL) much-anticipated new artificial intelligence system, Apple Intelligence, suggesting that it may not meet the high expectations.

What Happened: Bloomberg columnist Mark Gurman took to X, formerly Twitter, and said that consumers might react disappointed or confused when the new AI feature is unveiled next week.

Don’t Miss:

“Mark my words, after 5 months of hype from Apple and others about Apple Intelligence, when it actually comes out next week, there is going to be a lot of ‘that’s it?’ or ‘where is it?; from consumers,” he wrote.

Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.

Why It Matters: Apple Intelligence is a collection of AI-driven features aimed at enhancing the user experience across Apple’s device ecosystem, including the iPhone, iPad, and Mac.

This system combines generative AI technology with personal data to offer customized assistance to users.

Trending: Unlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 8% target yield

Back in September, Apple revealed that the initial AI features would be available in beta sometime in the next month. Now, with October halfway over, indications point to a release before November.

Developers and participants in Apple’s public beta program can already access prerelease versions of iOS 18.1 and sign up to test Apple Intelligence.

Previously, a top analyst suggested that Apple could charge its users up to $20 for its advanced AI features, which may further bolster the company’s business in 2024.

Earlier this month, JPMorgan analyst Samik Chatterjee suggested that the initial momentum for high-end models appears muted compared to past launches, primarily due to the unavailability of AI capabilities.

Check out more of Benzinga’s Consumer Tech coverage by following this link.

Better Yields Than Some REITs?

The current interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through publicly-traded REITs.

Arrived Homes, the Jeff Bezos-backed investment platform, has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in August. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.

This article Apple Intelligence’s Meh Moment Ahead? Analyst Predicts 5 Months Of Build-Up Could Lead To A ‘That’s It?’ Reaction originally appeared on Benzinga.com

Continue Reading