Apple is increasing spending on AI technology, but still lags behind other companies in Silicon Valley.

From CNBC: 2024-08-01 21:03:57

Apple CEO Tim Cook kicked off WWDC 2024 in Cupertino, California. The focus during Apple’s quarterly earnings call was on Apple Intelligence, their upcoming AI system. Cook noted a rise in spending on AI servers, leading to an increase in capital expenditure. Apple’s unique approach to data centers involves partnerships and hybrid infrastructure design. Apple’s quarterly sales surpassed expectations, reaching $85.8 billion.



Read more at CNBC:: Apple spending more on AI, but remains behind its Silicon Valley peers