Apple's May 7 'Let Loose' Event to Showcase AI-Driven iPad Pro and iOS 18, Stock Surge Expected
April 28, 2024
Apple's 'Let Loose' event scheduled for May 7, 2024, will introduce a new iPad Pro with an OLED display and an advanced M4 chip emphasizing artificial intelligence.
WWDC 2024 on June 10th is set to preview iOS 18 with enhanced AI capabilities and updates to core apps such as Mail, Notes, Photos, and Fitness.
Analysts project a 33% increase in Apple's stock value following the AI-centric announcements at the upcoming events.
Apple is negotiating with OpenAI to incorporate generative AI technology into the next iPhone and is considering licensing Google's Gemini chatbot for iOS 18.
The company remains open to partnerships and may announce agreements with OpenAI, Google, or other providers as it seeks to bolster the AI features in its products.
SoundHound AI, valued at just over $1 billion, is highlighted as a burgeoning company with a $661 million booking backlog, poised to capitalize on the AI surge in automotive and restaurant sectors.
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