Apple Could Dominate the Agentic AI Market With Siri. Just Not This Siri.
Key PointsMeta's Muse is far more capable than Apple's Siri.
Apple's latest iteration of Siri, unveiled just a few weeks ago, marks a significant improvement over previous versions. The AI-powered personal assistant can now engage in more intricate conversations, demonstrate on-screen awareness, and access personal context through photos, emails, and texts. However, despite these enhancements, Siri still lags behind competitors such as Meta Platforms' Muse app.
Muse can autonomously perform tasks like booking flights and online shopping, while Siri feels outdated. This discrepancy presents a potential threat to Apple's revenue, which relies heavily on its high-margin iPhone sales. Analyst Wamsi Mohan of Bank of America warns that Muse could jeopardize Apple's services revenue by completing online transactions outside of Apple's ecosystem.
Moreover, if consumers start viewing Muse as indispensable to their daily routines, they may opt for cheaper Android devices that support Muse, potentially incentivizing them to switch away from Apple's iPhones. Although there are several factors contributing to Apple's advantage, such as users' relatively higher trust in the tech giant with their data, the real challenge lies in designing Siri to function effectively within third-party apps.
Apple's management must decide whether investing in enhancing Siri's capabilities is necessary to maintain its relevance in the rapidly evolving agentic AI market.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
