In a global all-hands meeting hosted from Apple’s headquarters in Cupertino, California, CEO Tim Cook seemed to admit to what analysts and Apple enthusiasts around the world had been raising concerns about: that Apple has fallen behind competitors in the AI race. And Cook promised employees that the company will be doing everything to catch up.

CNBC’s Steve Kovach joins 'Money Movers' to discuss st Apple's Tim Cook hinting at AI acquisitions. Loni Anderson's cause of death revealed Marjorie Taylor Greene Signals Potential Split From GOP United flight with over 200 passengers declares 'mayday' with engine failure after takeoff from D.