TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Instagram Outage Disrupts Thousands of U.S. Users 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Apple unveiled a range of new iPads, including the M2-powered iPad Pros and a redesigned entry-level tablet on Tuesday. The company has also finally provided a release date for the delayed iPadOS 16 update.
Confirming earlier reports, Apple launched a new generation of iPad Pro that includes its latest in-house chip. Unlike last year, the latest iPad Pro announcement did not happen in a full-scale event the new premium tablets were simply introduced through the company's website.
Opting for a simpler announcement makes sense, considering that the biggest changes in the new 11-inch and 12.9-inch iPad Pro are only based on its new processor and the upcoming software update. The new iPad Pros generally look the same as previous models released since 2018, although the same cannot be said for the new entry-level iPad announced on the same day.
The highlight of the new iPad Pro tablets is the use of the M2 chip, which Apple says delivers up to 15% faster CPU compared to the M1 that powered the 2021 models. Apple also included Wi-Fi 6E support in the new flagship tablets, a feature that was missing from last year's iPad Pros, which enables the devices to deliver up to 2.4Gb/s download speeds.
Other notable upgrades are made possible with the iPadOS 16 update, including the improved Apple Pencil hover experience. Apple says the new tablets will be able to detect the second-generation Apple Pencil while hovering up to 12mm above the screen.
As expected, the new iPad Pros will ship with iPadOS 16. For other compatible iPads, the software update will start rolling out on Oct. 24. But Apple reiterated that the support for connecting M1-powered iPad Pro and iPad Air to an external display with up 6K resolution will go live "later this year." It means this option will not be available immediately when the new iPad Pros arrive in stores next week.
Apple retains the Silver and Space Gray color variants, as well as the storage options from 128GB to 2TB, for the six-generation iPad Pro. It is also worth noting that the company finally brought the all-screen design to the new entry-level iPad powered by the A14 Bionic chip. The tablets announced on Tuesday are now available to pre-order on Apple.com. But in-store availability will not start until Wednesday, Oct. 26.
