Apple bets on AI over electric vehicles with DarwinAI acquisition
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Apple recently acquired AI start-up DarwinAI instead of pursuing a rumored deal with Rivian. This suggests Apple is more interested in AI than electric vehicles.
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DarwinAI's visual AI inspection technology can identify defects during manufacturing. This could help Apple improve production quality.
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Unlike peers, Apple was quiet on AI in 2022. Competitors like Microsoft, Amazon, and Alphabet made big AI investments.
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Apple's valuation is high considering its lack of growth recently. Its services business shows promise though.
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It's unclear how much impact DarwinAI will have on Apple. More AI integration across Apple's hardware seems likely however.