Its latest product launch event comes as Apple trails Big Tech rivals as they race to build AI into its products across their businesses and dominate the emerging technology
plans to hold a virtual event on Tuesday where it is expected to show new iPad models, some of which could come with a new chip aimed at speeding up artificial intelligence tasks carried out on the devices.
It is these tablets, which currently come with Apple-designed chips that earlier appeared in the company’s MacBook laptops, that could get an upgrade with a new processor optimized for AI work. But precisely what AI features the new chips could power might not become fully clear until Apple holds its annual software developer conference next month.
While those companies’ stocks’ have surged to record highs, Apple’s share have fallen 6 per cent year to date as it struggles with weak iPhone demand and tough competition in China, and as investors wait for it to show how it will leverage AI technology.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Tech outside the US' as a better opportunity in tech: StrategistAs big names in tech Amazon (AMZN) and Microsoft (MSFT) gear up to report their latest quarterly earnings, many on Wall Street look towards this week for a...
Read more »
Disney steps up as Big Tech steps back: What to know this weekWith the peak of first quarter earnings season in the rearview, stocks got back to their winning ways last week ahead of a slower calendar for corporate and ...
Read more »
Markets today: tech lifts stocks as Apple jumps in late hoursThe world’s largest technology companies drove stocks higher, with traders gearing up for Friday’s jobs report. Bonds climbed, while the dollar dropped the most in 2024.
Read more »
Markets today: tech giants rally with Apple's earnings in focusThe world’s largest technology companies drove stocks higher ahead of Apple Inc.’s earnings, with traders also gearing up for Friday’s jobs report. Bonds climbed, while the dollar dropped the most in 2024.
Read more »
Big Tech's AI spending spree comes with a catchBig Tech aims to harvest new markets with these new spending sprees. But you'll have to trust the companies the investment is worth it.
Read more »
Markets today: Tech powers stocks hours away from Apple's resultsThe world’s biggest technology companies drove a rebound in stocks ahead of Apple Inc.’s earnings, with Wall Street also gearing up for Friday’s jobs report.
Read more »