Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon' ->CNBC | More info at BigEarthData.ai | #AI
Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'Apple CEO Tim Cook had a lot to talk about on his last earnings call as CEO, as his company's stock price trended lower on concerns about supply constraints. Regardless of the selloff, he told investors that Apple has "enormous opportunities" in artificial intelligence. Cook, who will be assuming the role of executive chairman on Sept. 1, said Apple's hybrid approach to AI, where some workloads can be run on iPhones and Macs is an advantage as his large tech peers rely on their massive clouds. It's an important signal to Wall Street about the company's ability to run AI apps as Apple gears up for the launch of an updated Siri this fall. "The ability to run some percentage of requests on device is also very strategic and sort of a competitive weapon," Cook said. Apple has bucked its hyperscaler peers by spending significantly less on capital expenditures as it tries to be a player in AI. Most of the spending across the industry is going towards Nvidia -based data centers to run advanced AI models from companies like OpenAI and Anthropic. Alphabet , Amazon , Meta and Microsoft have each committed to shelling out well over $100 billion...www.cnbc.com