2015 International Plumbing Code, and prior editions, definition: TEMPERED WATER. Water having a temperature range between 85°F (29°C) and 110°F (43°C). This agrees with other codes and previously mentioned standards.
Since water does not usually occur naturally in those temperature ranges, and I'm talking only about water used for human consumption and in buildings (obviously we see water, steam, & ice in a huge range of temps naturally; but we aren't pulling our water supply from geysers or ice pipes), common usage of tempered means water that has been heated or cooled for a specific use or equipment (and it doesn't have to be between 85-110, it just commonly is), as it usually is supplied by utility companies or wells at about 55-degrees Fahrenheit, give or take 5 degrees maybe. This can be domestic water used for drinking or touching humans (including toilets, sinks, showers, faucets, etc.) or hydronic water used within systems for equipment or comfort (heated water system, cooled water system, chilled water).
Heated water hydronics can go as high as 180-200 degrees (steam is obviously higher/much higher, but that's a change of state), kitchens/cleaning usually use 140 degree - up to 168 degrees (my regular 'ole home dishwasher even heats water to 163-168), domestic systems by code cannot exceed 140 degrees, though we use mixing valves to get that down further to 110-120 degrees, schools for young kids temper down to 95-110 degrees in the hot pipe (kids are less careful with stuff), hot tubs at 104 degrees, give or take, etc.
On a hot day you probably want your water at 34 degrees (many beer brands are best at 34, but some better or different quality beers should be served at temps. a bit higher) but your stomach likes water right at 98.6 degrees... And 60 degree water can feel very cold.
Chilled, cold hydronic water can be anywhere from 33 degrees to much higher although we usually see systems are designed for water 45-65 degrees to do their job of pulling heat out of the air or off equipment. For colder temps, either in the environment or for cooling equipment, we use water/refrigerant mixes. And remember: there's no such thing as cold, the definition of cold is the absence of heat, to some degree.
So chilled air does not equal 85 degrees!
There's all the details:
So Apple is correct that they are modifying the temperature (tempering) of air/water to do a job. And they are correct the methods they are using are naturally occurring, very energy efficient (think geothermal fields), and effective (btw, the Hoover Dam's concrete was cooled the very same way - otherwise the Dam would have taken hundreds of years to set due to the amount of heat concrete gives off when installed; and with a concrete dam that large, it wouldn't have been usable for many lifetimes!). But they are not using 85 degree water or air to cool off people! Unless those people are just trying to be cooler than 86 degrees or higher. That's where the ad is misleading.
This is how it works: the Second Law of Thermodynamics says heat will naturally move from hotter areas to areas with less heat (colder); and the bigger the difference in temperature between the two, the faster heat will transfer!
Using chemicals in/or alone from the water at certain pressures improves performance of heat transfer and protects pipes from freezing if outdoors. And since hydronic systems are usually 99.9% closed, it's cheap to operate as you don't have to add more water or chems very often.
So to finally answer. Apple is introducing cool water through material, pipes, and/or equipment which is naturally picking up the heat being transferred, then that water moves through the loop to a cooler area, and the heat continues to transfer out. The same with air, they take cool air from some area, blow it through the working space, it naturally picks up heat, then that air is taken through a cooler area where the heat leaves again, and then they can use that same air to blow through a space again as it has lost a lot of the heat. Everything is relative!
Men like their offices at 68 degrees, women like theirs at 74. So as long as the water or air is colder or hotter (depending on if it's winter or summer) than the thing/area that needs comfort/tempering/temperature, it will feel good to us and give or take heat naturally. This is exactly how air conditioners, radiators, heaters, humidifiers, chillers, heating coils, heat exchangers, etc. work! It's all the same basic, simple process/physics but just engineered perfectly. But then some owners want the results but at a cheaper price, so then you get spaces and people that can't get comfortable, warm or cold enough.
You just need somewhere to dump the heat (like a rooftop outside), and somewhere to get a cooling effect (through high pressure chemicals, underground, or normally cool water or coils), and then the equipment to supply and return the medium used.