OpenAI, the maker of ChatGPT, made waves during its "Spring Update" event with several exciting announcements, including the launch of its most advanced model y

Open AI

Chat GPT 4o



OpenAI's Spring Update Unveils GPT-4o and AI at the Edge


blog post cover photo

Image credit: Andrew Neel

OpenAI, the maker of ChatGPT, made waves during its "Spring Update" event with several exciting announcements, including the launch of its most advanced model yet, GPT-4o. The event showcased a new desktop app, a web UI refresh, and demonstrated the potential of AI at the edge, particularly on Apple devices like Macs and iPhones.

The demo highlighted how edge devices can leverage AI to enhance productivity by seamlessly integrating voice, text, and images. By utilizing a "hardwired" approach on Apple's iPhone to reduce latency in real-time interactions, OpenAI demonstrated the transformative power of AI in everyday tasks.

Analysts at Bank of America responded to the event by reiterating a Buy rating on Apple (AAPL), citing the tech giant's potential to benefit from AI at the edge. They anticipate gross margin upside and momentum in Services, positioning Apple as a net beneficiary of AI advancements.

OpenAI CEO Sam Altman emphasized the company's commitment to democratizing AI, stating that ChatGPT, powered by the world's best model, is available for free without ads. This approach suggests that OpenAI may explore alternative monetization strategies, deviating from traditional licensing arrangements.

The introduction of GPT-4, boasting up to 1 trillion parameters, represents a significant leap from its predecessor, GPT-3. While on-device models can handle billions of parameters, cloud-based AI offers the richest user experience. Monetization avenues for AI platforms like OpenAI may include ads, subscriptions, or an app store model, tapping into developer revenues from AI-enabled apps.

However, analysts at Bank of America raised questions about practical latency and the sufficiency of on-device processing power and connectivity speeds. They anticipate Apple to enhance local processing ability in future iPhone models, potentially driving superior performance and creating demand for upgrades.

As AI continues to reshape the technology landscape, investors are closely monitoring developments in the sector. The Company Rating API offers valuable insights for evaluating companies like Apple based on their AI initiatives and financial performance. Explore the API here to stay informed about the latest advancements in AI technology and their impact on the market.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 25, 2023 2:31 AM - Parth Sanghvi

Decoding the Discounted Cash Flow (DCF) Model: A Comprehensive Guide for Strategic Investment Analysis

Introduction: The Discounted Cash Flow (DCF) model stands as a cornerstone in investment analysis, offering a robust framework for estimating the intrinsic value of an investment. In this comprehensive guide, we delve into the fundamentals of DCF analysis, providing step-by-step instructions, key...

blog post title

Jan 4, 2024 1:56 AM - Parth Sanghvi

Optimizing DCF Model Accuracy: Advancements through Big Data and AI Integration

The Discounted Cash Flow (DCF) model remains a cornerstone in financial analysis, offering a strategic way to assess the intrinsic value of an investment. With advancements in technology, the integration of Big Data and Artificial Intelligence (AI) presents a transformative approach to enhance the p...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep