Apple (AAPL) has resumed talks with OpenAI to potentially incorporate the startup’s technology into upcoming iPhone features later this year, Bloomberg reported late Friday, citing people familiar with the matter. The two companies have started discussions regarding potential terms of an agreement and the integration of OpenAI features into the next iPhone operating system, iOS 18, the report said. Apple is also in talks with Alphabet’s (GOOG, GOOGL) Google about licensing its Gemini chatbots, according to the report. No final decision has been made, and there’s no assurance of a deal, Bloomberg reported. Apple may opt for agreements with both OpenAI and Google, or choose a different provider altogether, the report said.

Apple Inc. (NASDAQ:AAPL) recently released a list of its top suppliers for materials, manufacturing and assembly of its products which showed that China remains a key manufacturing base and India is ramping up production as well. Why It Matters: BofA Securities released a research note based on the list of Apple’s suppliers which named companies that could potentially benefit from an Apple product cycle. BofA named electronics manufacturers Jabil, Inc. (NYSE:JBL) and Flex, Ltd. (NASDAQ:FLEX) as potential beneficiaries and noted Apple accounted for 17% of Jabil’s revenue in 2023. Amphenol Corporation (NYSE:APH) provides connectors and antennas for the iPhone, and BofA estimates Apple accounts for single-digit revenue at Amphenol. BofA also noted glass maker Corning Incorporated (NYSE:GLW) remained on Apple’s 2023 supplier list. Related News: Apple And Tesla ‘Only Two Companies Able To Thread The Needle In Terms Of China-US’, Says Top Analyst After Tim Cook And Elon Musk’s Recent China Visits The firm maintained its Buy rating on

By Dan Gallagher Apples largest business is struggling, while the company is also losing ground in China and seems to have completely missed Big Techs AI party. That might make now a good time to buy the stock. Apples share price jumped more than 3% Monday morning after Bernstein analyst Toni Sacconaghi upgraded the stock to a buy rating. A Heard on the Street column also published Monday morning noted that the stock has been a weak performer this yearespecially relative to other big tech shares that have been lifted by the markets enthusiasm for generative artificial intelligence. Worries about the latest iPhone cycle, China, regulatory pressure in the U.S. and Europe and the companys unclear plans for its own AI play have all combined to push Apples multiple to around 25 times forward earningsin line with its five-year average, according to FactSet data. Buy the fear, was Sacconaghis advice