In a global all-hands meeting hosted from Apple’s headquarters in Cupertino, California, CEO Tim Cook seemed to admit to what analysts and Apple enthusiasts around the world had been raising concerns about: that Apple has fallen behind competitors in the AI race. And Cook promised employees that the company will be doing everything to catch up.

If the hundred-million-dollar AI investments at Microsoft, Google, and Amazon—and NFL-level salaries for AI talent—weren’t enough to confirm the big tech AI race is on, Apple’s CEO just addressed any remaining doubt.

CNBC’s Steve Kovach joins 'Money Movers' to discuss st Apple's Tim Cook hinting at AI acquisitions. Loni Anderson's cause of death revealed Marjorie Taylor Greene Signals Potential Split From GOP United flight with over 200 passengers declares 'mayday' with engine failure after takeoff from D.

A quietly-formed team within Apple named Answers, Knowledge and Information is working on the in-house AI chatbot.

Apple reportedly has an AI search in the works.  The AI search experience could have a standalone app and power Siri. Timely and strategic release with broader success of AI search engines.  With the launch of Apple Intelligence,