Apple Preps Revamped AI for WWDC as Fiduciary Debate Recalls 1980s Ban
AAPL•Apple has overhauled its AI strategy with new machine learning frameworks and Siri upgrades to be unveiled at the upcoming WWDC in early June. SEC Commissioner Mark Uyeda defended RIA fiduciaries’ product discretion over prescriptive regulation, invoking a 1980s Massachusetts ban on purchasing Apple shares.
1. AI Strategy Revamp for WWDC
Apple is set to introduce an updated AI roadmap at WWDC, featuring new machine learning frameworks for developers and enhanced Siri functionalities aimed at closing the gap with rival platforms. These changes are designed to drive engagement across Apple’s ecosystem, potentially boosting services revenue.
2. SEC Stance on Fiduciary Product Choice
SEC Commissioner Mark Uyeda told advisors they should use professional judgment rather than follow prescriptive rules when selecting products for clients. He highlighted a 1980s Massachusetts prohibition on retail purchases of Apple stock to illustrate the risks of government-imposed investment bans.
