Shares in Apple were basically flat in premarket trading as analysts appeared to be unphased by the launch of a line of new iPad tablets revamped with a powerful AI chip that signalled the company is ready to introduce artificial intelligence across its devices. The iPad Pro now includes the cutting-edge M4 chip. This offers a glimpse into Apple's vision for integrating artificial intelligence capabilities into its devices. The Cupertino-based company has been criticised for going too slow on the AI revolution as Microsoft (MSFT) pipped its spot as the world's biggest company by market capitalisation. It is reportedly working on creating its own artificial intelligence chips for the company's data centres in a new project called "ACDC." Read more: FTSE 100 LIVE: European stocks rise as pound slips ahead of Bank of England decision this week "In my opinion, this is more about improving the costs for AI for Apple than it is necessarily a new product release leveraging artificial intelligence," Maxim Group Managing Director Tom Forte, told Yahoo Finance. He added that despite the chip's potential to cut artificial intelligence operating costs, "I certainly wouldn't consider changing my hold rating on the news." Reddit released its first quarter...