During Apple’s earnings call, an analyst asked Tim Cook about making money from AI—but Cook didn’t give a clear answer.
During the call, a smart guy from Morgan Stanley, Mr. Woodring, asked a brave question. He said, “So, how do you monetize AI?” This was a tricky question because many big companies haven’t yet figured out how to make money from AI. But Mr. Woodring was brave to ask it.
Apple CEO Tim Cook answered in a calm way. He said Apple is bringing smart technology to products people like. He said this makes great value for users. Cook also said this opens many chances for Apple’s products and services in the future.
But even though Tim Cook gave a positive answer, he did not say exactly how Apple will make money from AI. In the past, big companies like Apple do not always explain how they plan to profit from new technology.
Morgan Stanley’s Mr. Woodring was praised for asking the hard question. He gave Apple a chance to share their plans.
Many other companies, like OpenAI, also have not figured out how to use AI for money. OpenAI might not make money until 2030. Analysts said it might need even more money in the future.
But Apple, with its big earnings, keeps going and looking for new ways to use AI in their products. Data from Business Insider helps tell stories about big companies and technology.
We will have to wait and see what Apple does next with AI and how it will help people and companies.