Reported 3 days ago
Apple CEO Tim Cook announced that the company is prepared to increase spending to enhance its capabilities in artificial intelligence, moving away from its previous fiscal conservatism. This shift is in response to competition from Microsoft and Google's AI advancements, prompting Apple to consider both expanding its data centers and pursuing acquisitions of larger companies in the AI space. Cook highlighted that Apple has already acquired seven smaller firms this year and is open to larger deals to accelerate its AI roadmap.
Source: YAHOO