Apple Intelligence: Elon is Wrong (and Right)

Your data is private, but not safe. June 12, 2024 [WEBSITE]( | [UNSUBSCRIBE]( In the days leading up to Apple’s WWDC, something weird happened to one tiny crypto. Apple Intelligence: Elon is Wrong (and Right) CHRIS CAMPBELL Dear Reader, Apple played it cool initially at WWDC - not a whisper about AI in that first hour. Just routine updates to their various operating systems. OS this, iOS that. Customizable home screens. New icons. You know, the usual. Yaaawwn. Then… Bam! The second hour hit and it was AI galore. They unpacked all the AI-powered features coming to iPhone, iPad, and Mac. Built-in writing tools that can rewrite, proofread, summarize your text on the fly using their language models. Or imagine typing a description and instantly generating custom illustrations tailored to that moment. All this wizardry somehow running on-device thanks to Apple's latest chips. That's not all though. The real showstopper was the insanely upgraded Siri that finally understands context across requests and lets you just type when you can't speak out loud. Later this year, Siri will gain "screen awareness" to comprehend and act on what's displayed. Overall, Apple Intelligence aims to provide powerful, personalized AI assistance while prioritizing user privacy. But not everyone’s convinced. Elon is Wrong Elon Musk’s warning that Apple is “handing your data over to a third-party AI that they don’t understand and can’t themselves create” is not what’s happening. And although Musk is wrong… he’s also kinda’ right. First, why he’s wrong: Apple Intelligence is different from ChatGPT. (Also, as an Apple user, you can control what data ChatGPT has access to.) With Apple Intelligence, most processing happens on-device, but for complex tasks exceeding the capabilities of Apple's models, they've introduced Private Cloud Compute – using Apple's servers without storing user data. Apple is taking a new approach to confidential computing, employing techniques that enable "black box processing", where data remains encrypted throughout storage and processing. This approach is far more secure than the industry standard. According to Apple, this new standard even prevents Apple from providing user data in response to subpoenas or government inquiries. To be sure, work on this confidential computing initiative predates the recent AI boom, with Apple investing in the technology for at least three years. And they’re not the only ones: The 2 AI investing traps revealed [must read] Investor and entrepreneur James Altucher made millions during the crypto boom. Many “experts” are now saying… [Artificial Intelligence opportunities could be even bigger.]( But don’t believe the hype. Before you invest one penny in AI… See James reveal the [2 AI investing TRAPS]( that will doom many investors… Yes, making money from AI SHOULD be easy… But most AI investors will fall flat on their faces. Because they don’t know the 2 AI investing TRAPS. [See the 2 AI investing traps here now]( Elon is Right While the AiPhone is a big deal… Apple's approach to privacy, while commendable, is not without its shortcomings. As a single entity controlling user data, Apple represents a potential single point of failure. If Apple's servers were compromised, it could put sensitive user information at risk. Also, although Apple has implemented strong measures to restrict employee access to user data, the potential for unauthorized access still exists within a centralized system. Almost as if anticipating this… Both Meta and Google Cloud have been quietly collaborating with a renowned AI researcher on a new form of confidential computing that surpasses Apple's efforts. Here’s where things get interesting… Years before, this researcher launched a little-known blockchain for confidential computing. The researcher made bold claims: it could mitigate data breaches, enhance user control over personal information, and allow for privacy-preserving applications. Well, Big Tech took notice. Here’s the weird part… In the days leading up to Apple’s WWDC, this asset was making wild moves - even while the markets were tanking. At first, we were confused. But now, after a little digging, we think we might know why. (It’s big.) And although our Early Stage Crypto Investor subscribers are up 100% on this recommendation, James and I think it could go MUCH higher. (If we’re right, 100% will be small fries.) Don’t yet have access? [Click here to see if ESC is right for you.]( Diving deeper tomorrow. Stay tuned, Chris Campbell For Altucher Confidential Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. Congrats, you earned this… As one of my readers, you qualify for [this special deal.]( Only a small fraction of our readers will have the chance to see this. Fortunately, you’re one of them. All you have to do is [click here now to see how to claim your special deal.]( You Might be Interested in... [Two AI investing traps to avoid.]( [Bidens Executive Order 14067 ominous for Americans]( [Nvidia Surges: This AI Chip Stock Could Beat It]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](