Apple’s New CEO Takes Over A Trillion-Dollar Giant That’s Losing The AI Race

September 01, 2026 10:20 AM ET Apple’s new leader is taking over a company that is widely considered to be falling behind in the artificial intelligence race.Apple CEO Tim Cook handed the big tech company over to hardware chief John Ternus on Tuesday, Reuters reported. Cook steps down from the company after a 15-year run, leaving Apple still trailing rivals in the AI race. “Sending lots of love to the Apple community on my last day as CEO. My title changes tomorrow, but the love I have for the Apple community never will,” Cook said in a Monday X post. “Thank you for being a constant source of inspiration. My gratitude is endless, and I’m excited for the next chapter!”Sending lots of love to the Apple community on my last day as CEO. My title changes tomorrow, but the love I have for the Ap