Apple cuts engineers’ daily AI budgets as it reins in spending
Apple has implemented cost controls on AI infrastructure spending for its engineering teams, cutting daily budgets by one-third according to Bloomberg. The move reflects CEO John Ternus's broader push for operational efficiency despite the company's R&D expenses in AI and infrastructure jumping 32%. The cuts signal a potential shift in how major tech firms are managing their AI investments.
Key points
- Apple cut daily AI budgets from $300 to $200 per engineer
- Further spending reductions planned as part of cost-control initiative
- R&D spending on AI and infrastructure rose 32% despite budget caps
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