Gotta say, from a branding point of view, it's completely perfect. Sometimes things as "small" as the letters in a companies name can have a huge impact decades down the road. AI == AI, and that's how Apple is going to play it. That bit at the end where it said "AI for the rest of us" is a great way to capture the moment, and probably suggests where Apple is going to go.
imo, apple will gain expertise to serve a monster level of scale for more casual users that want to generate creative or funny pictures, emojis, do some text work, and enhance quality of life. I don't think Apple will be at the forefront of new AI technology to integrate those into user facing features, but if they are to catch up, they will have to get into the forefront of the same technologies to support their unique scale.
Was a notable WWDC, was curious to see what they would do with the Mac Studio and Mac Pro, and nothing about the M3 Ultra or M4 Ultra, or the M3/M4 Extreme.
I also predicted that they would use their own M2 Ultras and whatnot to support their own compute capacity in the cloud, and interestingly enough it was mentioned. I wonder if we'll get more details on this front.