Apple is set to pay about $1 billion per year to use Google’s AI model Gemini to upgrade Siri. Despite the AI CapEx boom, Apple’s comparatively low investments have shielded it from industry turbulence, with shares falling less than 1% compared to Nvidia and Meta’s plummeting shares.

In contrast, Meta projects $70 billion in capex, while Google expects $90 billion and Microsoft, $100 billion for fiscal 2026. Apple’s strong free cash flow from share buybacks, totaling $91 billion in fiscal 2025, allows it to avoid massive data center investments and remain financially stable amid industry volatility.

Read more at Yahoo Finance: Apple’s Siri, Google’s Gemini and a $1B Hookup?