Apple in Talks to Let Google Gemini Power iPhone AI Features
Mar 18, 2024
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Apple in talks to integrate Google's Gemini AI into iPhone, interest rates ahead of FOMC meeting, airlines' competition woes, JSX Airlines unique operations, NVIDIA's AI dominance, market analysis for broader participation in market rally
Apple is in talks to integrate Google's AI engine into iPhone, signaling a potential collaboration between tech giants.
Market rally calls for broadening participation with small caps, international exposure, and value calls to sustain momentum.
Deep dives
NVIDIA and AI's Influence
The scrutiny around NVIDIA exemplifies the market's intense focus on AI development. While NVIDIA stands out with high valuations and technological advancement, investors should remember that AI's impact spans industries beyond just one company.
Federal Reserve's Timing of Rate Cuts
The pivotal question towards the Fed revolves around the timing of rate cuts, shifting focus from 'if' to 'when.' Amid stronger economic data and inflation metrics, the first rate cut might be elusive until later than expected, possibly beyond March.
Market's Response to Fed Rate Cut Expectations
The market's anticipation of rate cuts could shape a choppy environment, waiting for clarity on Fed policy actions. With much of the potential cuts already priced in, the market might witness a flat, unclear terrain until further Fed indications.
Seeking Broader Market Participation
The current market rally calls for a broader participation beyond narrow sectors, seeking small caps, international exposure, and value calls to diversify the rally. Emphasizing a need for widespread market engagement to sustain and broaden the current momentum.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News Chief Technology Correspondent Mark Gurman and Bloomberg News Senior Executive Editor Tom Giles report on news that Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey looks at the interest rate environment heading into the FOMC meeting this week. Bloomberg News US Airlines Reporter Mary Schlangenstein and Alex Wilcox, CEO of JSX, discuss why airlines want to stop upstart JSX from luring flyers away. And we Drive to the Close with Amanda Agati, Chief Investment Officer at PNC Asset Management Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.