Apple’s (AAPL) silicon design group is working on new chips for future devices, including its first smart glasses, more powerful Macs and artificial intelligence servers, people with knowledge of the matter told Bloomberg’s Mark Gurman. The company has made progress on the chip that it’s developing for smart glasses as Apple is ramping up work on such a device to compete with the popular Ray-Ban spectacles offered by Meta Platforms (META), the report noted. Shares of Apple are up 1.8% in afternoon trading.
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