Apple (AAPL) Eyes AI-Powered Future Despite Delays in Siri Enhancements

Artificial intelligence is advancing fast, but is it ready to replace humans? According to Google DeepMind CEO, it is only a matter of time before it becomes a reality.

Demis Hassabis believes that artificial general intelligence (AGI), a type of artificial intelligence which is as smart as or smarter than humans, will start to emerge in the next five or 10 years.

“I think today’s systems, they’re very passive, but there’s still a lot of things they can’t do. But I think over the next five to 10 years, a lot of those capabilities will start coming to the fore and we’ll start moving towards what we call artificial general intelligence”

According to Hassabis, AGI is “a system that’s able to exhibit all the complicated capabilities that humans can.”

“We’re not quite there yet. These systems are very impressive at certain things. But there are other things they can’t do yet, and we’ve still got quite a lot of research work to go before that.”

Meanwhile, Dario Amodei, CEO of AI startup Anthropic, told CNBC that he sees a form of AI that’s “better than almost all humans at almost all tasks” emerging in the “next two or three years.” Sam Altman, CEO of OpenAI, believes AGI could be reached sometime in the next four or five years.

Regardless of when it will arrive, an undisputed theory about AGI is that its arrival is imminent. This is because the continuous training of AI models using increasing amounts of computational power and data will inevitably lead to AGI. It is only but wise for policy makers and governments to be proactive regarding its arrival, so that it doesn’t lead to bad outcomes, such as human extinction.

“If governments act now, with determination, there is a chance that we will learn how to make AI systems safe before we learn how to make them so powerful that they become uncontrollable.” Stuart Russell, professor of computer science at the University of California, Berkeley.

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Apple (AAPL) Eyes AI-Powered Future Despite Delays in Siri Enhancements
Apple (AAPL) Eyes AI-Powered Future Despite Delays in Siri Enhancements

A wide view of an Apple store, showing the range of products the company offers.

Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On March 17, Melius reiterated the stock as “Buy”, stating how Apple shares have several ways to get back on track. Analysts said that the delays to AI-enhanced Siri are disappointing, but there is still see a path to get the stock back on track. Melius also argued that Apple’s free cash flow helps make the stock defensive.

“In September 2025, we expect Apple to ship a new form factor in the ‘iPhone Air’ that could replace the ‘Plus’ and altered designs for the flagship Pros and Max’s that could all drive customers to “mix-up” to tiers with higher ASP’s [average selling price] given new components.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $255 implies a 19% upside, however, the Street-high target of $325 implies an upside of 52%.

Source: https://finance.yahoo.com/