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00:02Apple's latest AI announcements at WWDC divided Wall Street analysts,
00:08with some seeing long-term promise in the Siri overhaul,
00:10and others flagging growing dependence on outside partners.
00:15CNBC's Mackenzie Sigalos reported that Apple demonstrated generative AI on devices via Siri,
00:20but the feature will arrive in beta later this year and will not be available in Europe or China.
00:25Apple's most advanced AI model will run on NVIDIA chips through Google Cloud,
00:29rather than Apple's own silicon.
00:31Wall Street was disappointed by Apple's WWDC showing,
00:35as the agentic Siri demo failed to deliver a catalyst for a new iPhone upgrade cycle
00:40or a fresh services revenue stream.
00:42Investors are now questioning how increasingly routing advanced Siri and image generation workloads
00:48through Google Cloud and NVIDIA chips could affect Apple's nearly 50% gross margin.
00:53Shares fell 0.12% to $290.20 in pre-market trading Wednesday after dropping 3.64% the prior
01:02session.
01:03For all things money, visit Benzinga.com.
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