Chip stocks pull back, Trump says he’s meeting with AI executives
Apple (AAPL) will host its annual Worldwide Developers Conference (WWDC) on Monday at its Cupertino, Calif., headquarters. The event, Tim Cook’s last as CEO of the company, will serve as a kind of reboot of Apple’s AI strategy, which has lagged behind competing firms’ efforts to date.
The biggest news out of the show, which runs through June 12, will likely be the debut of Apple’s long-delayed, AI-infused version of Siri.
The digital assistant landed on iPhones with a good deal of fanfare in 2011 but has largely languished over the years. Siri’s deficiencies have become even clearer with the advent of generative AI models, chatbots, and, more recently, AI agents.
Apple initially announced a revamped AI version of its helper in 2024, but ran into issues getting it out the door.
And while Apple has launched its Apple Intelligence platform, which includes features such as writing tools, image editing, and the company’s Visual Intelligence capabilities, it hasn’t been enough to allay investors’ concerns that Apple has fallen troublingly behind in the AI race.
