Apple CEO Tim Cook reportedly highlighted that the company is planning to “significantly” increase its investments in artificial intelligence (AI) technology. The statements were made on Thursday as part of the CEO’s remarks alongside Apple’s third-quarter earnings report. As per the report, the Cupertino-based tech giant is also open to the merger and acquisition route to catch up in the AI race. These comments indicate that the iPhone maker has not given up building an in-house AI tech stack despite several setbacks.
Apple CEO Tim Cook Remains Bullish on AI
According to a CNBC report, Cook said that Apple has acquired seven companies this year so far, and remains “very open” to further acquisitions that can help the tech giant grow faster. “We’re very open to M&A that accelerates our roadmap. We are not stuck on a certain size company, although the ones that we have acquired thus far this year are small in nature,” he was quoted…
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