Apple is ramping up its AI investments, with CEO Tim Cook stating that it’s one of the most transformative technologies. The company is reallocating resources to focus on AI and has already acquired seven companies this year. Despite criticism for delays in AI features, Apple has launched over 20 AI capabilities. Future plans include live translation and an AI workout buddy. Cook believes AI will complement, not replace, the iPhone. The company’s Q3 performance exceeded expectations, leading to a surge in stock value.
