Apple’s iPhone 17 Launch and AI Talent Drain: A ’Sell-the-News’ Risk?
Apple faces mounting scrutiny as its AI talent exodus continues, with lead robotics researcher Jian Zhang departing for Meta. The MOVE marks at least the tenth exit from Apple's Foundation Models team, casting doubt on the company's competitive edge in AI. Next week's iPhone 17 launch—touted as "awe dropping"—may do little to alter this narrative.
Wall Street anticipates muted investor enthusiasm for the event, with Bank of America analysts warning of potential "sell-the-news" dynamics. While antitrust developments involving Alphabet briefly lifted Apple's stock, the market appears focused on the company's lagging AI capabilities relative to peers.