Apple Poaches Google Exec for Its Artificial Intelligence Team

Action Alerts PLUS holding Apple Inc. (AAPL)  hired John Giannandrea, Alphabet Inc.'s  (GOOGL) former head of search and artificial intelligence, to head the company's own AI aspirations. 

Giannandrea specializes in machine learning and worked at Google since 2010. Apple has struggled to bolster its artificial intelligence operations in recent years with its Siri digital assistant. 

"Our technology must be infused with the values we all hold dear ... John shares our commitment to privacy and our thoughtful approach as we make computers even smarter and more personal," Apple CEO Tim Cook said in an internal email to Apple employees obtained by The New York Times. 

Industry writer Joshua Fruhlinger analyzed data recently suggesting that Apple was ramping up its hiring to improve its AI platform. Five days ago Apple had 161 job listings with the term "Siri" in them posted, according to Fruhlinger. 

Siri is a pivotal lynchpin in the company's services ambitions as hardware sales slow amid a stagnation in innovation. 

Apple shares have declined 1.77% year to date and were falling more than 1% on Wednesday. 

More from Stocks

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat