Vertical Computer Systems Inc (fka VCSY)

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Later on Monday, Apple released a paper detailing how its features, including those powered by OpenAI would ensure safety of customer data. This includes handling more complex tasks by Apple's servers under a new offering called Private Cloud Compute.

Apple also said it plans to add technology from other AI companies on its devices amid reports that it was discussing a potential tie-up with long-time search partner Google.

To power the AI features, Apple plans to use a combination of on-device processing and cloud computing. That means the AI features will only be available on the latest iPhones starting with iPhone 15 Pro, as well as upcoming models.