I think there is an important little nod to the future in this announcement. "Personal Voice" is training (likely fine tuning) and then running a local AI model to generate the user's voice. This is a sneak peak of the future of Apple.
They are in the unique position to enable local AI tools, such as assistance or text generation, without the difficulties and privacy concerns with the cloud. Apple silicone is primed for local AI models with its GPU, Neural Cores and the unified memory architecture.
I suspect that Apple is about to surprise everyone with what they do next. I'm very excited to see where they go with the M3, and what they release for both users and developers looking to harness the progress made in AI but locally.