https://www.cnet.com/news/beats-answer-to-apples-new-airpods-is-arriving-in-april/

Similarly, the new true wireless PowerBeats earphones are expected to use Apple's new H1 chip and have the same always-on Siri voice-assistant as the new AirPods, as well as the other connectivity improvements that the H1 is supposed to deliver. The battery life may also be better than the AirPods. 

Beats hasn't had a major headphone release since the Beats Studio3 Wireless, which was updated with the W1 chip and improved sound in June of 2018. The brand is overdue to update its line.