Apple Just Declared War On OpenAI
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Welcome to Prophecy Markets. I'm Ed Elson. It is July 14. Let's check-in on yesterday's market vitals. The major indices fell after The US and Iran clashed over the weekend. Brent crude rose as president Trump resumed the Strait Of Hormuz blockade and proposed a 20% toll on cargo. More on that later. That sent treasury yields rising as well as traders priced in higher inflation. On Calci, the odds of a rate hike before year end hit 67%. Meanwhile, SK Hynix led a global chip sell off. We will get to that later too. And finally, SpaceX shares dropped another 4% nearing their IPO price of a $135
You know, Apple, first first of all, really sees the threat coming from OpenAI. If you think about where OpenAI sits, of course, like, it's working to expand an enterprise, but it hasn't given up on consumer. And where they're focusing in consumer are these bidirectional voice models. So instead of you taking a turn and the AI taking a turn to talk, it's a model that can listen and talk at the same time, which is gonna make much more natural speech. And, of course, that's the way that Siri is the is accessed by people is through conversations. So Apple certainly sees that OpenAI is developing
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