Caroline Hyde

The company will build high capacity charging hubs in San Francisco, Los Angeles and Dallas, the same markets where it's preparing to roll out a public robo taxi service.

and Apple is breaking away from its tech peers.

Bloomberg data show the iPhone maker's 40-day correlation with the NASDAQ 100 has dropped to its lowest level since 2006, as it largely sits out the AI arms race.

With rivals pouring money into AI-related CapEx, some investors are starting to see Apple as an appealing alternative.

Let's power on and stay with Apple.

The company's fast-tracking work on three new wearables as it races to compete with AI-powered hardware.

Sources say the tech giant is developing smart glasses, a pendant, and AirPods with expanded AI capabilities.

Bloomberg Consumer Tech and Apple managing editor Mark Gurman broke the story and is with us.

Okay, three distinct products, three distinct categories.

Let's go through what you've learned from sources.

You know, Apple, they are sitting out the AI race in a way, but they're going to enter in an Apple way.

And that means hardware blended with AI, blended with software, blended with services.

And they're going to get there if they're able to pull off this new Siri, which I believe they will before the end of the year.

And so three hardware products.

One is smart glasses.

These are going to be quite significant.

They're going to compete with the meta product.

They're likely going to be a bit pricier.

They're going to have dedicated cameras, one for media capture, one for computer vision.

In terms of functionality, you'll get things like if you're