Apple launches Siri AI powered by Apple Intelligence, running on Google Cloud with Nvidia GPUs

Apple unveiled Siri AI (described as 'an entirely new version of Siri, powered by Apple Intelligence') at its Worldwide Developers Conference. The company's most advanced model, Apple Foundation Model Cloud Pro, will run on Google Cloud Platform using Nvidia's Blackwell B200 graphics processing units (GPUs).

Siri's AI will operate locally on-device for many user requests, but route more demanding requests requiring agentic AI and complex reasoning to Apple's Private Cloud Compute within Google Cloud. Apple uses a 'system orchestrator' in iOS that assesses queries and routes them to the appropriate model, plus Nvidia's 'ambiguous confidential compute' (hardware-based encryption preventing host servers from accessing processed data).

Wedbush analyst Dan Ives set an outperform rating with a $400 price target (representing 38% potential gains compared to Tuesday's closing price) and believes AI monetization and services will add between $75 and $100 to Apple's stock price. Morgan Stanley analyst Eric Woodring maintained an outperform rating while raising his base target to $360 and bull target to $440 (51% potential upside).