Tesla (NASDAQ:TSLA) CEO Elon Musk issued a warning to Apple (NASDAQ:AAPL) through a post on the social media platform X. Musk said that he would ban all Apple devices at his companies if the iPhone maker integrated OpenAI technology into its operating system (OS).
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This warning came just hours after Apple’s announcement of its partnership with Microsoft’s (NASDAQ:MSFT) OpenAI at its annual Worldwide Developers Conference (WWDC).
Elon’s Post and Apple’s Announcement
Musk expressed his concerns over the potential risks of integrating OpenAI technology into Apple’s OS. He wrote, “That is an unacceptable security violation.” Musk’s decision to publicly oppose Apple’s move underscores concerns over user privacy and cybersecurity.
Meanwhile, at WWDC, Apple unveiled “Apple Intelligence,” a suite of AI-powered features aimed at transforming user experiences across its devices, including iPhones, iPads, and Macs. A significant highlight of this announcement was Apple’s collaboration with OpenAI, a partnership that marks a strategic step for Apple to catch up with its peers.
Central to this initiative is the integration of ChatGPT across Apple’s platforms. The advanced AI capabilities of ChatGPT will be embedded into Apple’s writing tools, aiding in content creation and image generation. The company also unveiled an enhanced version of Siri, now boasting improved language understanding and context retention.
Is Apple Stock a Good Buy?
It remains to be seen whether Musk’s public opposition to Apple’s move will impact the iPhone maker’s partnership with OpenAI. Meanwhile, Apple’s launch of AI features failed to excite investors. AAPL stock closed 1.9% lower on Monday, June 10. Moreover, it remained in the red in after-hours trading as well.
Apple stock has underperformed the broader equity market so far this year as the company lagged on AI advancements. Meanwhile, analysts are cautiously optimistic about AAPL stock.
Apple stock has 22 Buys, 11 Holds, and one Sell recommendation for a Moderate Buy consensus rating. The analysts’ price target on AAPL stock is $207.32, implying 7.35% upside potential from current levels.
