Alphabet Inc. (GOOGL) and Apple Inc. (AAPL) have announced a multi-year collaboration to develop the next generation of Apple Foundation Models based on Google’s Gemini models and cloud technology. This partnership aims to enhance AI capabilities within Apple devices while maintaining industry-leading privacy standards. The announcement comes in light of concerns regarding Apple’s progress in the AI sector compared to its competitors.
Analysts have reacted positively to the collaboration, with GOOGL’s Zacks Consensus EPS estimate rising 18% in the last year to $10.58. Meanwhile, Apple’s EPS figures have shown a bullish trajectory since last July, indicating robust expectations for both companies moving forward in the 2026 AI landscape.
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