Apple PR:

Next month, a new software update will bring lossless audio and ultra-low latency audio to AirPods Max, delivering the ultimate listening experience and even greater performance for music production. With the included USB-C cable, users can enjoy the highest-quality audio across music, movies, and games, while music creators can experience significant enhancements to songwriting, beat making, production, and mixing.

The update will enable 24-bit, 48 kHz lossless audio over the included USB-C cable. If the headphone jack is more your jam, Apple has an option for you as well.