Apple's WWDC underwhelms on AI, but software gets biggest facelift in over a decade

Core Insights - Apple's annual developer conference did not feature major announcements, lacking the excitement seen in previous years like the Vision Pro reveal in 2023 [1] - A significant software update called Liquid Glass will be introduced later this year, affecting the design across all major Apple devices [2] - This marks the first major redesign of the iPhone operating system since 2013, with a new lock screen design and fluid animations [3] Financial Market Reaction - Wall Street reacted negatively to the conference, with Apple's stock declining by 1.2% on the day of the event [4] - Investors are urging Apple to enhance its artificial intelligence strategy to compete with leading models from Google and OpenAI [4] - Analyst David Vogt from UBS noted that many AI features announced were incremental and already available through competitors [4] AI Development Status - Apple previously announced Apple Intelligence as a response to ChatGPT, featuring a more personal Siri, but has delayed its rollout [5] - The company has not provided updates on the timing of this feature since its delay in March [5] - Apple's software chief Craig Federighi emphasized the need for more time to meet quality standards, reiterating a timeline of "the coming year" for the feature [6]