Apple company shares peaked at a new record high on Tuesday after the company unveiled new AI features for their products.
Apple on Monday revealed its recent development into AI at its annual developer conference.
The introduction of the new AI features sparked the shares of the company by 7% to a record high of $207 per share surpassing December’s best record.
Apple at the unveiling introduces various features of AI including an overhaul of its voice assistant Siri, integration with OpenAI ChatGPT, writing assistance tools, and new customizable emojis.
The AI conference is seen as a welcome development for Apple investors who capitalize on the AI boom and its linkage with Apple.
Though surpassing a record high, Apple will face challenges from Elon Musk after the billionaire threatened to ban Apple products from having access to his company as they partnered with OpenAI which he described as a security breach.