AIBloomberg1h ago
Apple cut some engineers' daily AI spending cap
Sources: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs
TL;DRApple is slashing AI spending caps for engineers to cut costs.
Why it matters: Shows big tech is tightening AI budgets despite heavy investment rhetoric, signaling potential layoffs ahead.
Apple Inc. is reducing employee budgets for artificial intelligence usage as part of a cost-cutting effort, even as the company seeks …
Read full articleSource: Bloomberg · Opens in new tab