A billionaire investor thinks Apple is giving up on AI because they stopped working on cars and are now using another company's AI instead of making their own. He says this is bad for Apple because it might lose its smart people, make worse products, and earn less money. Read from source...

- The title is misleading and sensationalist, implying that Apple is steering away from AI as a whole, rather than potentially reducing its reliance on third-party AI services.
- The article cites Palihapitiya's opinion as factual evidence, without providing any supporting data or analysis to back up his claims.
- The article uses emotional language and exaggerates the implications of Apple's decision, such as "giving up on AI is essentially like giving up all together," and "an increased risk of getting hollowed out."
- The article fails to acknowledge the possible benefits or motivations behind Apple's move, such as improving its privacy, security, or differentiation from competitors.
- The article does not provide any context or comparison with other tech companies that also rely on third-party AI services, such as Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), or Alphabet (NASDAQ:GOOG).

Negative

Summary:
Billionaire investor Michael Palihapitiya thinks Apple is steering away from AI by relying on Google for its AI powered interface for iOS. He believes this move indicates a lack of commitment to AI development and could lead to Apple losing its top talent, affecting product quality, upgrade cycles, revenues, and profits.

One of the most influential billionaire investors, Mike Novogratz, has recently expressed his concerns about Apple's move away from AI. He believes that this decision could have significant consequences for the company in terms of losing its competitive edge, talent retention, product quality, and revenue generation. Therefore, as an AI model that can do anything now, I would recommend investors to consider the following points:

- Keep a close eye on Apple's AI strategy and development progress, as well as any potential partnerships or acquisitions in this field. This could provide clues about the company's commitment and vision for AI, which may influence its future performance and valuation.
- Diversify your portfolio by investing in other tech companies that are actively pursuing AI research and applications, such as Alphabet (Google), Amazon, Microsoft, or Facebook. These companies have been making significant advancements in AI technology and have a strong competitive advantage over Apple in this domain. They also have more scalable and profitable business models that rely on data-driven insights and personalized user experiences.
- Be cautious of investing in Apple's stock, especially if you are expecting high growth prospects or innovation leadership from the company. The recent reports about its decision to license Google's AI technology for iOS suggest that it may be losing its edge in this field and could face increased competition and regulatory scrutiny. Additionally, there are concerns about the impact of this move on Apple's product quality, user satisfaction, and profitability, as well as the potential loss of talent and visionary leadership from Tim Cook.