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The field is called "compiler design". Consider taking a course [1] or buying a book?
A somewhat more playful approach might be to complete the 2019 edition of Advent of Code [2], where you'll learn some preliminaries while implementing the Intcode interpreter.
[1] https://online.stanford.edu/courses/soe-ycscs1-compilers
[2] https://adventofcode.com/2019
Running AI models on edge devices is already here. This is just one example https://github.com/ggerganov/llama.cpp
With Swift language bindings it would be quite smooth to work towards.
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