Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Apple is spending more on AI, but remains far behind its Silicon Valley peers

The topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general public yet.

Apple Intelligence, the company's forthcoming artificial intelligence system, could spur a fresh cycle of iPhone upgrades and hardware sales. But CEO Tim Cook and CFO Luca Maestri spent a good part of the Q&A portion of the analyst call dodging questions about the pace of Apple's rollout, whether the company is already seeing a sales boost from the service, and Apple's deal with OpenAI to integrate ChatGPT into its software.

One question Cook was willing to partially address was about the company's spending on AI servers. It's an issue that's come up throughout tech earnings season, as investors try to gauge where companies are in their AI infrastructure buildouts and how much more is coming.

Cook acknowledged on the call that costs are on the rise. He gave similar comments to CNBC.

"Embedded in our results this quarter is an increase year over year in the amount we're spending for AI and Apple Intelligence," Cook told CNBC's Steve Kovach on Thursday.

Apple reported $2.15 billion in payments for property, plant and equipment in the June quarter, up 8% quarter-over-quarter and about 3% from a year earlier. Some of those capital investments aren't for AI, but for other Apple operations.

The rise in Apple's capital expenditure is tiny compared to its mega-cap peers, such as Microsoft, Google, and Meta. Those companies are spending huge sums to build and equip AI-focused data centers with Nvidia chips.

For example, in the June quarter, Microsoft reported $13.87 billion in capital expenditures, according to FactSet, which is a 55% year-over-year increase. Alphabet's expenses

Read more on cnbc.com
DMCA