-Apple on Tuesday introduced a new chip called the M4 that it said would outclass personal computers designed for artificial intelligence - but put the new chip in an iPad Pro model rather than a laptop.), which typically puts its latest chips into its Mac lineup, where M3 chips started to show up last fall.
While those companies' stocks' have surged to record highs, Apple's share have fallen 6% year to date as it struggles with weak iPhone demand and tough competition in China, and as investors wait for it to show how it will leverage AI technology. That could come in the form of automating common tasks to make them faster, or letting Siri, the company's voice-based assistant, delve deeper into apps to carry out tasks on the user's behalf.
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