Apple's May 7 'Let Loose' Event to Showcase AI-Driven iPad Pro and iOS 18, Stock Surge Expected

April 28, 2024
Apple's May 7 'Let Loose' Event to Showcase AI-Driven iPad Pro and iOS 18, Stock Surge Expected
  • 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.

Summary based on 79 sources


Get a daily email with more Startups stories

More Stories