Apple on Tuesday unveiled its next generation of iPad Pros and Airs — models that will boast faster processors, new sizes and a new display system as part of the company's first update to its tablet lineup in more than a year. The showcase at Apple’s headquarters in Cupertino, California, comes after the company disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products. Apple is expected to make a much bigger splash next month during an annual conference devoted to the latest version of its operating systems for iPhones, iPads and Mac computers — software that analysts expect to be packed with more artificial intelligence technology...

Apple (AAPL) is reportedly working on creating its own artificial intelligence chips for the company's data centers in a new project called "ACDC." Maxim Group Managing Director Tom Forte joins Catalysts to discuss what the latest move could mean for the tech giant and investors. "In my opinion, this is more about improving the costs for AI for Apple than it is necessarily a new product release leveraging artificial intelligence," Forte explains. He says that despite the chip's potential to cut artificial intelligence operating costs, he tells Seana Smith, "I certainly wouldn't consider changing my hold rating on the news." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl...

Apple isn't yet ready to unveil its broader AI strategy — it's saving that for its Worldwide Developer Conference in June — but the tech giant did make sure to mention AI technologies across its device lineup at its iPad event on Tuesday. The company touted a new iPad Air as "an incredibly powerful device for AI;" its AI-powered features like visual lookup, subject lift and live text capture, among others; and, of course, its upgraded M4 chip, which features a neural engine that's "dedicated to...

Big, transformative acquisitions aren’t part of Apple’s playbook. Given how far behind it is in generative AI, Apple may need to rethink that...