Apple CEO Tim Cook reportedly highlighted that the company is planning to increase its investment in Artificial Intelligence (AI) technology. The statement was made on Thursday as part of the CEO’s comments with Apple’s third quarter income report. According to the report, the cupertino-based tech veteran is also open to the merger and acquisition route to catch in the AI race. These comments indicate that the iPhone manufacturer has not manufactured the in-house AI tech stack despite many failures.
Apple CEO Tim Cook is fast on AI
According to a CNBC report, Cook said that Apple has acquired seven companies so far this year, and remains “very open” for further acquisitions that can help the technical giant grow faster. “We are very open for M & A that accelerates our roadmap. We are not stuck in a certain size company, although what we have achieved this year is small in nature,” he said.
In addition, Apple’s CEO also reportedly said that the company was increasing its investment in AI. Along with the allocation of resource, Tech Giants are also said to have rectified their employees to ensure that more employees are working on AI facilities. While the company did not mention how it intends to use these resources, Cook reportedly mentioned that some capital expenditure in this quarter would go to private cloud calculation, for the company’s private server on-cloud AI processing.
“Our focus, from AI point of view, is on putting AI features on the platform which are deeply, private and originally integrated.[..]The way we see AI, it is one of the most intensive techniques of our lifetime. This will affect all the equipment in an important way, ”CNBC said Cook.
Apple’s CEO’s statement on AI highlights that the company still intends to compete with the choice of Google, Openai and Anthropic. The iPhone manufacturer has already participated with Openai to bring chatgate capabilities to its equipment, and is rumored to structure a similar deal with anthropic.
According to a report, according to a report, the Tech Giant has obtained internal discussions, considering the possibility of gaining seriousness. However, no bid has been given so far.
