Apple's WWDC Reality: Scaled Down AI Ambitions As The iPhone Remains Dominant

Don't overreact to the AI headlines, Apple is still an iPhone company. Plus: A look at SpaceX's coming valuation.

When Tim Cook takes the stage at Apple’s developer conference in Cupertino today, he’ll be leading Apple through yet another moment of transition.

It will be Cook’s last WWDC as CEO as he makes way for incoming leader John Ternus. And it’ll be the second WWDC in three years to promise AI improvements to Siri and iOS as Apple transitions into its artific…