Apple and Google Ink Multiyear AI Deal for Siri and Foundation Models

• Alphabet Inc.'s Google and Apple Inc. confirm a multiyear deal for AI technology.
• Google's AI will power Apple's artificial intelligence, including the Siri voice assistant.
• Apple chose Google's AI for its Foundation Models after careful evaluation, aiming for innovative user experiences.
• The agreement's terms were not disclosed, but Bloomberg previously reported Apple might pay $1 billion annually.
• Apple will maintain privacy standards by running AI services on devices or via Private Cloud Compute, with Google's tech supporting a new Siri version due this year.

Why It Matters: Apple and Google partner on a multiyear AI deal, with Google powering Siri and Apple's Foundation Models.