Apple's stock briefly rose by 1% after reports suggested that the company is developing its own large language model (LLM) internally. The move indicates Apple's focus on AI technology and its potential integration into future products. Apple's internal AI foundation, Ajax, has reportedly developed a chatbot referred to as "Apple GPT." The company is believed to be planning a significant AI announcement next year. While Apple has already incorporated machine learning into its products, it is somewhat late in adopting the LLM trend compared to competitors like Microsoft, Google, and Amazon. Apple did not respond to CNBC's request for comment.

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