According to details shared by Bloomberg's Mark Gurman, the company has some AI tools and features in development, but they are unlikely to be released this year. Instead, Apple could announce that it will allow third-party developers to access its large language models (LLMs) to support AI features inside their own apps.

Current options pricing suggests markets expect a modest move in the tech giant's stock price the week of its annual Worldwide Developers Conference, with the keynote scheduled for Monday.