After the company reported quarterly earnings on Thursday, Cook insisted that Apple will have concrete details about its plans for AI to talk about very soon. Apple's Big Tech rivals have spent comparable or even greater amounts on R&D over the same period, but they have also been spending heavily to build data centres to host AI services. Meta Platforms told investors last week to expect as much as $40 billion in capital expenditures this year. It's a model that has worked well for us historically, and we plan to continue along the same lines going forward." "It'll be something that helps lift sales, but I don't expect it to be super cycle," Bajarin said.

Source: The Hindu May 04, 2024 16:09 UTC