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Apple becomes second $5tn company as investors flee AI stocks - Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off
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Chris Remington beehaw.org remington@beehaw.org
Joined: 2022-01-28
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subversive_dev lemmy.ml Transform2942@lemmy.ml
Joined: 2023-05-07
#2 · Quote Reply

How the turns have tabled

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kibiz0r midwest.social kibiz0r@midwest.social
Joined: 2023-07-14
#3 · Quote Reply

They’re leaving out two big pieces of the story:

  1. Apple is switching to CXMT, whose IPO just made them China’s most valuable company.
  2. Open weight models are putting a damper on centralized frontier models, making it look like efficient local inference rather than next-gen training may be the winning investment. And what do you need for efficient local inference? Why, a heterogenous SoC architecture with unified memory. And what has Apple bet their entire product line on, for the past 6 years? Exactly that!
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