Apple (AAPL) and Google (GOOGL) confirm they have entered into a multi-year deal where next generation of Apple Foundation models will be based on Google's Gemini models

• Apple Intelligence will continue to run on Apple devices and private cloud compute. 

The multi-year partnership between Apple and Google marks a strategic move, integrating Apple's foundation models with Google's Gemini technology. This collaboration could strengthen Apple's AI capabilities, enhance user experiences, and influence competitive positioning within the tech sector. Investors should consider the potential synergies and market reactions as this could signal further innovations in both companies' product lineups.