The upcomingiPhone 16 series from Apple Inc. (NASDAQ:AAPL) will be powered by ARM Holdings (NASDAQ:ARM) latest chip technology, designed to improve AI capabilities. What Happened: The new iPhone will be launched on Monday during the “Glowtime” event, featuring a next-generation chip based on Arm’s newest design architecture, reported Financial Times. This move is part of Apple’s ongoing efforts to integrate advanced AI features into its smartphones. The A18 chip, which will be unveiled at Apple’s event, is based on the V9 chip design from Arm, a SoftBank-owned company, the report noted, citing…