Tim Cook Highlights AI As 'Fundamental Technology' In Apple's Earnings Call
Portfolio Pulse from Benzinga Neuro
During Apple Inc.'s recent earnings call, CEO Tim Cook emphasized the significant role of artificial intelligence (AI) in the company's products and future development. Cook stated that AI and machine learning are fundamental technologies integral to virtually every product that Apple ships. He also indicated that a significant portion of the approximately $8 billion increase in R&D expenditure was invested in AI and silicon.
November 03, 2023 | 4:26 am
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Apple's CEO Tim Cook emphasized the significant role of AI in the company's products and future development. This indicates that Apple is heavily investing in AI and machine learning technologies, which could potentially lead to innovative products and services in the future.
The news indicates that Apple is heavily investing in AI and machine learning technologies. This could potentially lead to the development of innovative products and services, which could increase the company's competitive advantage and potentially boost its stock price in the short term.
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