AI | Bank of America Says Ternus’ First Apple Launch Highlights Innovation Push

Bank of America said John Ternus’s first major product launch as Apple CEO reinforced the company’s focus on product innovation, privacy and increasingly personalized AI, according to Bloomberg. Wamsi Mohan, Bank of America managing director and senior equity research analyst, said the new foldable iPhone Duo could expand Apple’s addressable market. He also said on-device AI and Private Cloud Compute could make Siri more capable without sacrificing user privacy.