How Apple's AI-powered upgrades and NVIDIA's chip dominance are reshaping the trillion-dollar tech landscape...

Apple (AAPL) has rolled out its highly anticipated AI features, called Apple Intelligence. Yahoo Finance Tech Editor Dan Howley joins Wealth! to break down its features and capabilities. "Essentially, the big takeaway from this is it's a start for Apple. This isn't going to be the thing that gets people rushing out the door to buy iPhones right away, but it does start to lay the groundwork for what we will see that could get people more interested in re-upping their phones when it comes to the next iteration of Apple Intelligence. And that's currently in beta," Howley tells Yahoo Finance. He notes that the next iteration of Apple Intelligence will include features like ChatGPT integration with Siri and Visual Look Up. However, in this current version of Apple Intelligence, users will be able to receive notification summaries, from text messages to news reports. There is also a tool that will be able to proofread writing and summarize emails. In addition, there will be a Clean Up feature in photos that can remove unwanted objects in the background. Watch the video above to hear how Howley anticipates consumers will react to the new features. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl...

Apple is launching an iMac computer that will be able to run the company’s generative artificial intelligence software, but potential buyers shouldn’t expect all the benefits right away. The new iMac will include an M4 chip that can power Apple Intelligence, the company’s gen-AI software, which was launched on Monday after weeks of anticipation. The new chip also makes the computer faster than older iMacs using Apple’s M1 chips...

Big tech rivals can distribute AI widely through their services, while Apple’s hardware-centric business needs its devices as the touchpoint...