During today’s earnings call covering the first fiscal quarter of 2024, Apple CEO Tim Cook commented on Apple’s work on artificial intelligence. He said that Apple is investing a “tremendous” amount of time and effort in AI, with details to come later this year. “As we look ahead, we will continue to invest in these […]
Read MoreBloomberg posted an analysis of app spending for 2023, revealing an 11% rise in revenue. Demand for video platforms drove the increase, while games were down 2% on a yearly basis. The data reveals TikTok surpassed $10 billion in in-app spending, making it the first app to reach this threshold. The milestone was achieved through […]
Read MoreWednesday September 6, 2023 11:28 am PDT by Juli Clover Apple has significantly ramped up its spending on artificial intelligence, according to a new report from The Information that highlights Apple’s AI and machine learning research. Though Apple’s AI chief John Giannandrea is said to be skeptical of AI chatbots, he established a team that […]
Read MoreSamsung has announced that it has started working on a new research and development facility for semiconductor chips. The new plant is coming up at its Giheung Campus in Yongin, Gyeonggi Province, in South Korea, and the company is spending KRW 20 trillion (around $15 billion) on this facility by 2028. Samsung Electronics Vice President, Lee […]
Read MoreApple plans to slow hiring and spending next year in some divisions due to potential economic downturn, according to Bloomberg‘s Mark Gurman. The report claims the decision is not a companywide policy and will not affect all teams within Apple. The report claims that Apple is giving select teams a “lower-than-expected budget” for spending on […]
Read MoreApple spent $2.5 million on lobbying in the first three months of 2022, a record high for the company, reports Bloomberg. Apple bumped up its spending on lobbying to fight back against antitrust legislation that the U.S. government is considering at the current time. Apple in the fourth quarter of 2021 spent $1.86 million on […]
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