Apple's low latency HLS (alhls) aims to reduce live streaming delays, currently averaging 25 to 30+ seconds, with various technical innovations including partial segments and faster playlist requests. The document discusses the challenges and components involved in implementing alhls, such as smaller segment durations and dynamic origin APIs. It emphasizes the ongoing learning process in the industry as alhls is being tested and refined, with the potential to set a new standard for low-latency streaming.