Apple Inc. has acquired Canadian AI startup DarwinAI to bolster its generative AI capabilities.

Financial details of the acquisition are undisclosed, but DarwinAI's team has been assimilated into Apple's AI division.

DarwinAI specializes in compact and efficient AI, which supports Apple's strategy of deploying AI on devices, not just in the cloud.

The acquisition is a strategic move for Apple's 2024 generative AI push, with potential features including customer service bots, automated content creation, and AI-driven programming tools.

Apple is poised to unveil on-device AI features at WWDC 2024, with CEO Tim Cook teasing further AI-related announcements.

Investor confidence appears strong as Apple's stock rose by 1% following the acquisition news.