At WWDC, Apple's AI strategy comes into question

One year ago , Apple announced Apple Intelligence , its response to the wave of sophisticated chatbots and systems kicked off by the arrival of ChatGPT and the age of generative AI .

Analysts said Apple 's installed base of more than 1 billion iPhones , the data on its device and its custom-designed silicon chips were advantages that would help the company become an AI leader.

Investors are calling for Apple to do something major to catch up in AI .

Apple spent $9.5 billion on capital expenditures in its fiscal 2024 , or about 2.4% of its total revenue.

The iPhone maker has rented the computing power needed to train its foundation models from Google Cloud and other providers.

With $133 billion in cash and marketable securities on hand, there isn't much Apple can't buy.

Apple is still pushing "App Intents " but the framework for how they work with Siri hasn't been released yet.

There is a growing sense in Silicon Valley that sophisticated AI interfaces might one day replace smartphones with new devices that are designed from the ground up to take advantage of AI -based interfaces.