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Speaker 1: Don't ever do for clan.

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Speaker 2: Now, Apple have been considered something of an AI laggard

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Speaker 2: because they hadn't announced any AI plans, but that's now

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Speaker 2: of course changed because it looks like we're going to

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Speaker 2: get AI soon coming to us via our iPhones. Sam

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Speaker 2: Dickey from Fisher Funds is with us to talk us

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Speaker 2: through that evening, Sam, righty, This arms race AI arms

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Speaker 2: race is fascinating. Where are we at in this race

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Speaker 2: to drive the revenue and the profits from AI.

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Speaker 1: Yes, there's been a lot of noise, but all these

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Speaker 1: companies like Meta, Microsoft, Amazon that has spending tens and

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Speaker 1: in fact hundreds of billions of dollars, are desperate to

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Speaker 1: find the kind of killer app. But the thing that

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Speaker 1: you and I hear that will pay for to give

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Speaker 1: them a return on their investment. And the first wave,

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Speaker 1: as we know, was the natural language models, the single

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Speaker 1: source of truth like GEM and I Chat, GPT perplexity

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Speaker 1: called METAAI. The list goes on. Now it's still early

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Speaker 1: days on that, but it looks like no one has

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Speaker 1: really prepared to pay for that single source of truth.

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Speaker 1: And then the next potentially big opportunity is or Thomas

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Speaker 1: Vias or full self driving vehicles for everyone, but that's

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Speaker 1: still the way away. And of course a genuine and

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Speaker 1: I mean genuine personal assistant, it's actually useful, unlike Alexa

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Speaker 1: or hey Google for example.

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Speaker 2: Why is Apple being considered a lagart here?

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Speaker 1: Well, modern AI is kind of in play since November

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Speaker 1: twenty twenty two, and almost every company on Earth since

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Speaker 1: since then announced their AI strategy and I sort of

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Speaker 1: say that play in cheek, and it's almost been a

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Speaker 1: laughable competition. How many times can you mention AI on

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Speaker 1: one earning call, for example? And Apple is being stumm

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Speaker 1: it hasn't said a word, so the market's been calling

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Speaker 1: it an AI laggard. And it does remind me here

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Speaker 1: that you and I talked a few months ago about

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Speaker 1: Google when people were saying that company was an AI

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Speaker 1: loser as well, which was kind of a third given

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Speaker 1: AI as one of the Sorry Google is one of

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Speaker 1: the godfathers of AI, so this all seemed to change.

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Speaker 1: Rapple this week out their their Worldwide Developers Conference.

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Speaker 2: What is this Worldwide Developers Conference?

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Speaker 1: So that's the annual flagship event. So all the big

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Speaker 1: tech companies in most big corporates globally have a big

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Speaker 1: sort of killer annual flagship event, and this is the

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Speaker 1: one where they unveil their newest products. I'm sure you

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Speaker 1: can probably all remember Steve Jobs walking around on stage

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Speaker 1: with the original iPhone back in two thousand and seven

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Speaker 1: or whatever it was. But they announced at this WWDC

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Speaker 1: as it's called Apple Intelligence, which is basically an upgraded Suriy,

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Speaker 1: among other things.

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Speaker 2: Okay, what does this mean for us as consumers now?

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Speaker 2: If we're going to get the stuff loaded on our iPhone.

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Speaker 1: So among other things, it really means a super supercharged sery.

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Speaker 1: There will actually be able to understand what you're saying,

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Speaker 1: understand natural language better. It will be able to dig

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Speaker 1: through your apps on your phone, assuming they get permission

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Speaker 1: and execute instructions. So imagine a genuine personal assistant that

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Speaker 1: could send emails, book meetings, book taxi surf. You're in

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Speaker 1: New Zealand, app to see what time your flight has

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Speaker 1: changed that flight, pull up photos from years ago, all

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Speaker 1: activated by your voice. And one of the examples they gave,

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Speaker 1: which I think is not a bad example, it's not

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Speaker 1: Keller is So you're taking a photo of your driver's

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Speaker 1: license and is very deep in the bowels of your

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Speaker 1: photos somewhere you can just say Siri, given my driver's

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Speaker 1: license number, it will surf your photos. Sam.

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Speaker 2: How good is this? I mean the other day I

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Speaker 2: tried to find my driver's license number and I had

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Speaker 2: to eventually go and blinking will find my wallet in

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Speaker 2: another room, which annoyed me so much. This is going

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Speaker 2: to be a game changer then, potentially, isn't it.

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Speaker 1: Well, that is the killer question that investors are grapping with,

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Speaker 1: and maybe I think you've just answered it for me.

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Speaker 1: Heither is will you upgrade your iPhone if the Siri

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Speaker 1: is really a killer personal assistant? I think you just

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Speaker 1: said yes.

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Speaker 2: Well, yeah, I mean, how much is it going to cost?

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Speaker 2: Because I'm very tight?

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Speaker 1: Well exactly so that this is from an investor's perspective.

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Speaker 1: Apple Intelligence is only available on iPhones fifteen and above,

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Speaker 1: so you know this. People are going to see how

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Speaker 1: this plays out. But if this is a real, genuine

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Speaker 1: personal assistant that will save you hours per week, potentially

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Speaker 1: people will upgrade their iPhone and will drive an upgrade cycle.

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Speaker 1: But one thing is for sure. The market thinks this

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Speaker 1: will drive a huge iPhone upgrade cycle because the stock

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Speaker 1: has added three to four hundred billion US dollars in

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Speaker 1: market cap and two days alone since the Worldwide Developers Conference.

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Speaker 2: Brilliant. So the investors are into it, are they?

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Speaker 1: They are into it, that's right.

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Speaker 2: Yeah. Hey, thank you Sam, that's fascinating stuff. Really appreciate it.

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Speaker 2: We'll talk to you again soon, Sam Dickie for your funds.

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Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

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Speaker 1: news talks. It'd be from four pm weekdays, or follow

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