Apple faced high expectations at its recent developer conference in the US, with shareholders and customers hoping for significant advancements in artificial intelligence. However, the announcements made by the tech giant fell short of expectations, focusing more on aesthetics than groundbreaking AI developments.
Shareholders were disappointed by the lack of substantial AI progress, leading to a 1.2% decline in Apple's share price at the end of Monday's trading session on Wall Street.
Apple's CEO, Tim Cook, needed to demonstrate to stakeholders that the company was competitive in the AI race against other tech giants, a challenge that was not effectively addressed during the conference.
Source: Brisbane Times
