It’s being reported that Apple ($AAPL) and Meta ($META) are collaborating to let developers run Meta’s Muse Spark Open AI model locally on high-end Mac computers. This is, if I have the data right, their first public partnership in nearly 10 years.
For now it appears the relationship is centered on Apple’s Mac Studio computers, but it’s likely to spur questions as to whether the two may be talking about Meta’s Muse helping power Apple’s Apple Intelligence and Siri AI.
Such a happening would go a long way in helping folks overcome privacy concerns when it comes to Meta.
With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to TheStreet Pro Portfolio (formerly Action Alerts PLUS) each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for TheStreet's Pro Portfolio.
Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.”
With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).
