Apple is creating custom-designed chips that it will use for a number of future devices such as its first smart glasses, artificial intelligence servers and new MacBooks, Bloomberg News on Thursday. The company has made strides toward the chip for its smart glasses, the report said, citing people with knowledge of the subject.   

The other processors in development will provide the processing power for future Macs and AI servers that are being devised to run Apple Intelligence, the report said. In an apparent effort to capitalize on the growth of the lucrative AI market, Apple has created the on-device AI features that made it. The Apple Intelligence suite of software that is built into the latest iteration of the iPhone can summarize notifications, rewrite emails, and provide users access to OpenAI's ChatGPT, among other functions.     

Apple's processor for its glasses will use chips based on the Apple Watch and use less energy than chips in products such as the iPhone, iPad and Mac, according to the report.

According to Bloomberg, the chip, which could be ready for mass production by the end of 2025 in time for the glasses to be released in 2026, was customized regarding power efficiency and to control the number of cameras that are being designed for the glasses. The chip will also be produced by Taiwan's TSMC, and if the glasses are successful, these will also hit the market within the next two years. Apple is also developing a few new Mac chips and processors, likely known as M6 and M7.