Apple is looking to advance its artificial intelligence capabilities in an effort to catch up with the rest of the industry. Cheddar News senior reporter Michelle Castillo talked about Apple's annual $1 billion investment into the tech and how it plans to put its own imprint on the space.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
