... Buffett mentioned that someone showed him a video that featured a deepfake of himself. He warned that AI "could become the growth industry of all time" for scammers. Buffett added, "As someone who doesn't understand a damn thing about it, it has enormous potential for good and enormous potential for harm and I just don't know how that plays out." ...
However, arguably, the most important thing Apple Intelligence will do is boost iPhone sales. The new AI functionality will only work on the iPhone 15 Pro, iPhone 15 Pro Max, and newer models. Bank of America analyst Wamsi Mohan thinks Apple Intelligence will create strong demand for iPhones. Morgan Stanley believes Apple's new AI capabilities will provide a "clear catalyst for a multi-year product upgrade cycle."
iPhones make up roughly 55% of Apple's total sales. The smartphone also drives additional revenue through accessory products and services. If AI fuels a major upgrade cycle for iPhones, Apple's revenue and profits will likely increase significantly. ...
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