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Apple announces WWDC on Jun. 10-14, suggesting focus on AI

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Top stories today:

  1. Apple announces WWDC on Jun. 10-14, suggesting focus on AI
  2. Truth Social +16% to $7.9B market cap on 1st day of trading
  3. ChatGPT use grows, yet only 23% of U.S. adults have used it
  4. Reddit sees highest user growth among top social media websites
  5. Mumbai overtakes Beijing with most billionaires in Asia
  6. iPhone shipments in China -33% YoY in Feb., from -39% in Jan.

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Apple announces WWDC on Jun. 10-14, suggesting focus on AI

“Absolutely Incredible [AI],” said Apple's SVP of Marketing on X:

  • Main keynote on Jun. 10.

  • Likely iOS 18 launch with multiple AI features.

  • Possible macOS and visionOS announcements, again with new AI tools and more details on the Vision Pro's global availability.

2. Truth Social +16% to $7.9B market cap on 1st day of trading, leading Trump's wealth to $7.2B

Read more: Bloomberg.

Most of Trump's $7.2B is tied up in Truth Social and real estate, but he should be able to post his $175M bond by Apr. 4

Trump was ordered to pay $454M in his NY civil fraud trial, which is now on hold pending appeal:

*Sponsored.

4. ChatGPT use continues to grow, yet only 23% of U.S. adults have used it

Younger demos use it more often:

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