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Editor’s note: “The ‘iPhone For AI’: Betting Big On Artificial Intelligence” was previously published in October 2023. It has since been updated to include the most relevant information available.
Despite all the hype surrounding the internet throughout the 1990s and early 2000s, the internet didn’t really take off until Steve Jobs introduced the iPhone in 2007.
Until the iPhone’s release, the internet was something a few people used for work and even fewer used at home.
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Then Apple’s (AAPL) iPhone put the power of the internet in the palm of our hand. And suddenly, the internet had gone mainstream, and internet companies started making money hand over fist.
Sure, internet stocks did fine before the iPhone’s launch. But as a group, internet stocks only rose 60% between the late 1990s and January 2007, when Jobs introduced the first iPhone.
Yet from January 2007 to today, internet stocks have soared more than 450%.
And the iPhone is what thrusted internet stocks into hyperdrive.
So, why is this important from where we sit? Well, I believe we’re about to get the iPhone for AI.
In many ways, AI parallels the internet. The two are both productivity game-changers. Like the internet, AI will allow us to do things faster, better, and cheaper.
Over the next 20 years, AI will unequivocally change society, just like the internet has over the past 20 years.
But even the internet didn’t go mainstream and truly change the world until the iPhone launched.
Similarly, AI won’t go mainstream and truly change the world until it has its own “iPhone moment.”
And we think that moment is coming very soon.
AI Is Swiftly Approaching Its ‘iPhone Moment’
OpenAI is arguably the top AI firm in the world. After all, it is the company that developed ChatGPT, the buzzy AI chatbot that kickstarted this whole AI Boom just under a year ago.
Now OpenAI is working to develop the iPhone for AI.
And it’s not going at it alone. In fact, it’s actually creating a global tech “super team” to build this AI iPhone.
For this mammoth project, the firm is teaming up with Jony Ive – the lead designer of the original iPhone – and Softbank CEO Masa Son – the world’s largest tech investor.
OpenAI is providing its AI technology. Ive is providing the design expertise. And Son is providing a whopping $1 billion in funding.
This is a tech super team embarking on a tech super project.
And the result will change the world. Thanks to the work of this super team, we’ll soon have a device that will put the power of AI in everyone’s hands, just as the iPhone did for the internet 15 years ago.