Apple Eyes PrismML Buy to Run 27B AI Model on iPhone 17 Pro

Apple is in active discussions to acquire Caltech spinout PrismML, whose breakthrough compression technology now lets a 27-billion-parameter model run fully on-device. The latest reports confirm PrismML shrank Alibaba’s Qwen 3.6 model from 54 GB to under 4 GB, enabling local execution on the iPhone 17 Pro without performance loss. This development strengthens Apple’s privacy-first AI strategy and could curb reliance on cloud infrastructure built by rivals. AAPL shares rose 0.88% on the news.