Although Apple has largely adopted a cautious, wait-and-see stance in the realm of artificial intelligence, it still holds a commanding presence in the consumer electronics industry, boasting a market capitalization of $4 trillion. Yet, investors are eager for the newly appointed CEO, John Ternus, to outline a more definitive AI strategy. On April 20 (local time), Apple’s official website revealed that Tim Cook will relinquish his role as CEO on September 1, transitioning to executive chairman, with John Ternus stepping in as his successor. Ternus, currently Apple’s senior vice president of hardware engineering, will also join the board of directors upon taking on his new position. Cook will remain CEO through the summer, collaborating closely with Ternus to facilitate a seamless leadership transition. In his capacity as executive chairman, Cook will concentrate on supporting the company in key areas, such as engagement and teamwork with policymakers worldwide.