Apple, caught by surprise in generative AI boom, to spend $1 billion per year to catch up: Report
Publishing timestamp: 2023-10-23 12:47:59
Summary
Apple is planning to spend $1 billion per year on developing its generative artificial intelligence products, aiming to improve Siri, Messages, and Apple Music. The company is playing catch-up to competitors like Google, Microsoft, and Amazon who have already introduced AI products and features. Apple is looking to integrate AI into various aspects of its products and is exploring the use of AI in Xcode to assist app developers.
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Keywords: generative ai, microsoft corp, apple inc, alphabet class c, amazon.com inc, technology, alphabet inc, artificial intelligence, entertainment, business news, breaking news: technology,
Source: https://www.cnbc.com/2023/10/23/apple-to-spend-1-billion-a-year-in-ai-catch-up-efforts-report-.html