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Apple joins AI craze with iPhone 16 lineup

(UPDATE) CUPERTINO, California — Apple on Monday charged into the artificial intelligence (AI) craze with a new iPhone lineup that marks the company's latest attempt to latch onto a technology trend and transform it into a cultural phenomenon.

The four different iPhone 16 models will all come equipped with special chips needed to power a suite of AI tools that Apple hopes would make its marquee product even more indispensable and reverse a recent sales slump.