New reports show that Apple (AAPL 0.50%) is testing its own ChatGPT-style product, and with a single launch it could reach over a billion users. Better yet, Apple can now lean on open-source models. In this video, Travis Hoium digs into what we know and how Apple is well positioned in AI. 

*Stock prices used were end-of-day prices of July 20, 2023. The video was published on July 21, 2023.