15 AI News You Should Not Miss

Page 11 of 14

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184

Apple Inc. (NASDAQ:AAPL) is an American technology company that designs, manufactures, and markets smartphones, tablets, PCs, wearables, and accessories worldwide. Apple has been positioning itself as a leading AI stock, incorporating artificial intelligence in many of its popular features, such as Siri, Face ID, and recently launching new AI tools on the latest models of its iPhones.

On October 29, Apple Inc. (NASDAQ:AAPL) announced the launch of its all-new Mac mini powered by the M4 and new M4 Pro chips and redesigned around Apple silicon that promises accelerated performance while maintaining a smaller form of just 5 by 5 inches. By virtue of the M4, the Mac mini is capable of delivering up to 1.8x faster CPU performance and 2.2x faster GPU performance over the M1 model. Meanwhile, the M4 scales these advancements for more demanding workloads.

The new Mac mini features front and back ports for convenient connectivity, and also includes Thunderbolt 5 for faster data transfer speeds on the M4 Pro model. Designed with Apple Intelligence, Apple’s personal intelligence system, the Mac mini boasts being Apple’s first carbon-neutral Mac with an over 80 percent reduction in greenhouse gas emissions across its materials, manufacturing, transportation, and customer use. According to Apple, it is starting at just $599 with 16GB of memory and is available to pre-order, with availability beginning November 8.

“The new Mac mini delivers gigantic performance in an unbelievably small design thanks to the power efficiency of Apple silicon and an innovative new thermal architecture. Combined with the performance of M4 and the new M4 Pro chip, enhanced connectivity on both the front and back, and the arrival of Apple Intelligence, Mac mini is more capable and versatile than ever, and there is nothing else like it.”

– John Ternus, Apple’s senior vice president of Hardware Engineering.

Page 11 of 14