iPhone maker Apple (AAPL) has held discussions with its big tech rival Meta Platforms (META) to integrate the Facebook parent’s 澳洲幸运5官方开奖结果体♒彩网:generativ♍e artificial intelligence (AI) model into its recently announced personalized AI system, 澳洲幸运5官方开奖结果体彩网:Apple Intelligence, The Wall Street Journal reported on Sunday.

Such a deal would allow Meta to leverage Apple’s vast distribution of users through its iPhones, similar to how software companies gain exposure to millions of potential customers through the tech behemoth’s 澳洲幸运5官方开奖结果体彩网:App Store.

Apple, which recently 澳洲幸运5官方开奖结果体彩网:partnered 🎃with ChatGPT owner OpenAI and said it wants to integrate with Google’s Gemini, has also discussed adding generative AI technology developed by startups Anthropic and Perplexity into Apple Intelligence, people familiar with the discussion told the Journal, adding that talks held with Meta h💜aven’t been finalized and could fall through.

In its ongoing negotiations with potential AI partners, Apple hasn’t requested payment arrangements, the report said. Rather, the partnerships could work by the companies selling premium 澳洲幸运5官方开奖结果体彩网:subscriptions to their services through Apple’s massive distribution network, with the iPhone maker receiving a cut of subscription revenue.

Although forging partnerships with companies that develop generative AI would reduce Apple’s reliance on OpenAI, it remains unclear how open the iPhone maker will make its new AI platform, given the company’s preference for a highly controlled 澳洲幸运5官方开奖结果体彩网:closed ecosystem.

Below, we use 澳洲幸运5官方开奖结果体彩网:technical analysis to identify key levels t🦩o watch on both the♎ Apple and Meta charts.

Apple

While the 50-day 澳洲幸运5官方开奖结果体彩网:moving average crossed above the 200-day MA to form a bullish 澳洲幸运5官方开奖结果体彩网:golden cross pattern around the same time Ap𓃲ple shares broke out to a new record high earlier this month, the price has recently retraced, increasing the likelih🃏ood for further weakness this week.

Looking ahead, investors should monitor the key $197 level, an area where the price finds support from a 澳洲幸运5官方开奖结果体彩网:horizontal line linking several prominent peaks over t꧟he❀ past eleven months.

Meta

Since gapping more than 10% lower after issuing 澳洲幸运5官方开奖结果体彩网:weak revenue guidance in late April, Meta shares have continued to trend mostly higher, closing the gap and climbing back above the 50-day MA. 

If the stock moves lower, investors should keep an eye on the $446 level, an area where the price may find buying interest around a multi-month horizontal line. Conversely, an upside move may run into selling pressure near the stock’s 澳洲幸运5官方开奖结果体彩网:all-time high (ATH) set in early April at $531.49.

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As of the date this article was written, the author does not own any of the above securities.