Apple's WWDC 2024 is set to unveil iOS 18, focusing on AI technology.

Wedbush analyst Dan Ives suggests this could bring a 'renaissance of growth' for Apple.

The event will highlight Apple's partnership with OpenAI to integrate ChatGPT into iPhones.

Talks are ongoing for licensing AI models from Google and Microsoft-backed OpenAI.

Apple is developing its own AI solution, 'Project Graymatter,' prioritizing in-house technology and on-device processing.

The event is scheduled from June 10-14 and will include AI improvements in first-party iPhone apps and design changes in the Camera app.

This initiative underscores Apple's commitment to inclusivity, user-friendly technology, and competitiveness.

Apple's shares saw a slight dip in premarket trading following the announcement.