From Nasdaq:

Summary:
Apple CEO Tim Cook reassured investors of the company’s commitment to generative artificial intelligence, despite lagging behind rivals like Google and Microsoft. Cook highlighted the transformative potential of AI in areas like productivity and problem-solving.

Investors view AI as a key driver of market momentum, but Apple has yet to make a big impact in this field. Cook promised groundbreaking developments in generative AI later this year, while highlighting Apple’s existing AI-powered products like Apple Watch and Vision Pro.

A request for an AI-transparency report by AFL-CIO Equity Index Funds was voted down at Apple’s annual meeting, with investors concerned about revealing the company’s AI secrets. Cook emphasized the role of AI in enhancing user experiences and highlighted Apple’s long history of AI integration in its products.



Read more at Nasdaq: Tim Cook Ensures Apple Will Break New Ground In GenAI