How Apple Could Be A Big Beneficiary Of The Microsoft-Google AI Battle

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How Apple Could Be A Big Beneficiary Of The Microsoft-Google AI Battle - Benzinga

Quick Summary:

Microsoft Corp.(NASDAQ: MSFT) and Alphabet Inc.(NASDAQ: GOOGL) (NASDAQ: GOOG) have revved up the AI battle with their recent strategic moves.

What Happened: Apple Inc.(NASDAQ: AAPL), which is going slow on its own AI ambitions with its mixed reality headset, could be a potential beneficiary of the intensifying artificial intelligence battle between Microsoft and Google.

An August 2021 note from Bernstein analyst Toni Sacconaghi Jr.said Apple was on track to receive $15 billion from Alphabet in 2021 for the purpose, representing a 50% increase from $10 billion paid in 2020.