European Union regulators are accusing Apple of breaking new rules on digital competition by imposing rules in its App Store marketplace that prevent app makers from pointing users to cheaper options on other venues

ABC News business reporter Alexis Christoforous has today’s business headlines.

Just one year after it launched, the tech giant announced it will “no longer offer ‘Apple Pay Later’ in the U.S.”

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna

The upgrade improves message quality, adds encryptions and enables features like read receipts and typing indicators for both Apple and Android users.

The company announced its big move into AI during its WWDC 2024 conference keynote.

The company says its brand of AI will summarize e-mails, proofread text messages and generate customized images.

Apple CEO Tim Cook described AI capability as "the next big step for Apple."

ABC News' Linsey Davis speaks with CNET technology reporter Abrar Al-Heeti about why Apple is partnering with Open AI and the biggest concerns for retaining privacy.

Apple's devices and platforms will introduce new features for its "new personal intelligence system," including a revamped Siri more responsive to natural language.

Apple announced it will begin a partnership with OpenAI and revealed a range of new artificial intelligence features dubbed "Apple Intelligence."

According to Bloomberg, this new app will manage passwords across Apple devices and Windows computers.

Apple’s iOS 18 will bring customizable app icons and AI-powered features like custom emojis.

Plus, a surprise from Elton John, a collab between Camila Cabello and Lil Nas X and a new verse from Drake on a viral beat.

"The Miseducation of Lauryn Hill" tops the list, followed by classics such as "Thriller" and "Abbey Road." The panel discusses the list.

The company recommends updating iPhones and iPads to resolve the issue.

The vote followed what the union called “over a year of negotiations."

Plus Biden announces Microsoft's AI data center and American "Swifties" score cheaper "Eras Tour" tickets by flying to Europe.

The tech giant relies on new models of old products, analysts said.

The 11-inch and 13-inch versions both feature the company's M4 chip.

Apple unveiled new models of its iPad at an event on Tuesday.

The new lineup is expected to include an AI-powered iPad Pro with an OLED display.

Samsung accounted for nearly 21% of the global market while Apple claimed just over 17%, according to a report in Reuters, citing the research firm IDC.

Consumers and repair shops will soon be able to use genuine used Apple parts to fix devices.

Apple's iPhone 6 Plus is now on the "obsolete" list, which means no more repairs or service at the Apple Store.

A launch in May is rumored to include new iPad Pro models featuring the M3 chip and OLED display.

The company will introduce its newest devices and is expected to unveil its artificial intelligence strategy.

A lawsuit against Apple this week followed cases against other tech titans.

ABC News contributor Mike Muse and chief justice correspondent Pierre Thomas discuss a lawsuit the DOJ filed against Apple, claiming that keeping products in the brand ecosystem thwarts competitors.

According to the DOJ, Apple uses a variety of illegal methods to maintain its dominance, including making it more difficult for iPhone users to text with those who use other brands.

The Justice Department sued Apple alleging the tech giant created a monopoly in the smartphone market by blocking competitors.

The DOJ announced an antitrust suit against Apple for antitrust violations and monopolization of the smartphone market.

Attorney General Merrick Garland speaks after the Department of Justice announces an antitrust lawsuit against Apple. ABC News' Jack Date, Alexis Christoforous, and Brian Buckmire give their analysis.

The lawsuit alleges that Apple illegally thwarted competitors.

Attorney General Merrick Garland speaks after the Department of Justice announced an antitrust lawsuit against Apple.

The new season, which premieres March 29 on Apple TV+, will feature big stars such as Ariana DeBose, Brett Goldstein, Catherine O'Hara, Adam Lambert and K-pop group Aespa.

Tim Cook, CEO of Apple, discusses the Apple original film "Killers of the Flower Moon," which is up for 10 Oscars tonight.

The laptops feature a new M3 chip and sharper webcams.

The tech giant will pay $1.95 billion for preventing companies from promoting alternative products outside its app store, the European Union antitrust regulator said.

The ruling came after a five-year investigation initiated by Spotify.

The company now allows users with the latest MacBook Pro and iMac models to fix their own devices.

Apple has canceled its electric car project after a decade. This, as Wendy's has addressed concerns about surge pricing, saying it has no plans on burger surge pricing in 2025.

European regulators are set to fine Apple more than $538 million (500 million euros) after an investigation into claims that the company hindered third-party music services on its devices.

The number can be used for online shopping even when Apple Pay is not available.

Online tech reports say the prototypes are in early stage development and will not be included in Apple’s mass production plans for this year.

Plus, leaked documents appear to indicate that Google may be making major changes to Bard, and Joe Rogan makes a major deal with Spotify, allowing his podcast on other platforms.

The tech giant’s first spatial computer merges digital content with the physical world, allowing users to navigate the space using their hands, voice and eyes and boasts a hefty price tag of $3,500.

Apple's mixed reality headset goes on sale on Feb. 2.

"GMA" takes a look at the new iPhone setting that can help increase protection and security if your phone is stolen.

The security feature will require Face ID or Touch ID to perform certain actions.