Apple’s (AAPL:NSD) recent decision to defer the certification of an email app upgrade powered by AI capabilities has sparked concerns about the widespread safety of AI-based products. According to a source in the Wall Street Journal, Apple’s decision to ban the BlueMail upgrade was based on the app’s new AI capability, which could generate information unacceptable for all age ranges.
BlueMail’s new AI functionality uses OpenAI’s ChatGPT chatbot to automate emails based on the content of previous emails and calendar events. Apple has requested that BlueMail raise its age limit from four to seventeen and implement content filtering. Yet, the action demonstrates the potential threat posed by generative AI techniques.
Although the safety of AI-based tools remains disputed, tech giants such as Microsoft and Alphabet have made substantial investments in generative AI, showing that it has the potential to serve as a crucial growth engine for these organizations.
In the midst of the ChatGPT frenzy, it is worthwhile to see what stock recommendations analysts have for Apple. AAPL stock has a Strong Buy consensus rating on Stock Target Advisor, with 25 Buy ratings and five Hold ratings.
The average price objective projected by analysts is $168.18, indicating an upside of 18.37%. Moreover, hedge funds are positive on AAPL stock, as seen by the fact that they purchased 11.3 million shares in the most recent quarter. In addition, Apple stock has a Smart Score of “Perfect 10”.
