Apple Set to Revolutionize AI with iPhone 16 Launch

Apple is poised to transform the AI landscape with the introduction of its latest iPhone 16, set to be revealed in Cupertino, California. This model marks a significant shift towards artificial intelligence, including enhancements to Siri and on-device processing, aiming to rejuvenate iPhone sales and establish Apple as an AI leader.

Apple is on the brink of a technological revolution as it prepares to introduce the iPhone 16, featuring groundbreaking artificial intelligence capabilities. It's set to be unveiled in Cupertino, California, at an auditorium named after co-founder Steve Jobs, who first introduced the iPhone in 2007.

Since its inception, the iPhone has generated approximately USD 3 trillion in shareholder wealth, although recent years have seen only minor updates. This new model is designed specifically with AI technology, which experts say could significantly influence the industry.

Incorporating 'Apple Intelligence,' the iPhone 16 differentiates itself by performing most AI tasks on the device, necessitating a specialized processor. Analysts predict high demand, reflected in a 13 per cent rise in Apple's stock price since the AI strategy preview in June, boosting its market value by nearly USD 400 billion.

(With inputs from agencies.)