Core Viewpoint - Apple Inc. is developing a simplified version of ChatGPT, indicating a strategic move to enhance its information retrieval capabilities and compete in the AI space [1] Company Developments - Apple has established a new team called "Answers" focused on creating a user-friendly search tool that will integrate with its existing products like Siri, Spotlight, Safari, Messages, and Lookup [1] - The company has posted job openings for this team, highlighting the need for candidates with experience in search algorithms and engine development [1] Market Reaction - Following the news, Apple's stock price rose over 2% at one point, and as of the report, it was up more than 1.8%, trading at $206 [1]

Core Insights - Apple has established a new team called "Answers" to develop a streamlined version of a ChatGPT competitor [1][3] - The company previously stated it would not create its own chatbot, opting instead to integrate ChatGPT into Siri [3] - Despite initial skepticism from some executives, Apple is moving towards creating a new search experience similar to ChatGPT [3][4] Group 1 - Apple is exploring a range of internal AI services aimed at creating a new search experience akin to ChatGPT [3] - The new team is focused on enhancing information experiences for key Apple products such as Siri, Spotlight, and Safari [4] - Job postings for the new team highlight the need for experience in search algorithms and engine development [4]