Looking ahead: Analysts have begun speculating about how much longer Apple will remain under CEO Tim Cook, who turns 65 next month. Although several of the company's executives appear qualified to succeed him, Apple's recent actions have increased the likelihood that hardware engineering chief John Ternus will take over within the next few years.
Cook compares AI to the launch of the Mac, iPhone, and iPad - calls it a make-or-break moment
Big quote: In a rare all-hands meeting at Apple's Cupertino headquarters, CEO Tim Cook made it clear to thousands of employees that AI now stands at the forefront of the company's ambitions. Addressing a packed auditorium following a stronger-than-expected earnings report, Cook called the AI transformation "as big or bigger" than the internet, the smartphone, cloud computing, and apps. "Apple must do this. Apple will do this. This is sort of ours to grab," Cook told staff, vowing, "We will make the investment to do it."
In brief: Tesla has vehemently denied a report by the Wall Street Journal that alleges the EV giant's board contacted recruitment firms to search for a replacement for Elon Musk as CEO. Musk called the article "deliberately false" and an "extremely bad breach of ethics."