Apple CEO Tim Cook dinner reportedly highlighted that the corporate is planning to “considerably” enhance its investments in synthetic intelligence (AI) expertise. The statements had been made on Thursday as a part of the CEO’s remarks alongside Apple’s third-quarter earnings report. As per the report, the Cupertino-based tech large can also be open to the merger and acquisition path to catch up within the AI race. These feedback point out that the iPhone maker has not given up constructing an in-house AI tech stack regardless of a number of setbacks.

Apple CEO Tim Cook dinner Stays Bullish on AI

In line with a CNBC report, Cook dinner mentioned that Apple has acquired seven firms this yr up to now, and stays “very open” to additional acquisitions that may assist the tech large develop quicker. “We’re very open to M&A that accelerates our roadmap. We aren’t caught on a sure dimension firm, though those that we now have acquired to date this yr are small in nature,” he was quoted as saying.

Aside from this, the Apple CEO reportedly additionally acknowledged that the corporate was “considerably” rising its funding in AI. Alongside useful resource allocation, the tech large can also be mentioned to be reallocating its employees to make sure extra workers are engaged on AI options. Whereas the corporate didn’t point out the way it intends to utilise these sources, Cook dinner reportedly talked about that among the capital expenditure this quarter will go in the direction of Non-public Cloud Compute, the corporate’s non-public servers for on-cloud AI processing.

“Our focus, from an AI perspective, is on placing AI options throughout the platform which might be deeply private, non-public and seamlessly built-in[..]The best way that we have a look at AI is that it is probably the most profound applied sciences of our lifetime. It can have an effect on all gadgets in a major method,” CNBC quoted Cook dinner as saying.

Apple CEO’s statements on AI spotlight that the corporate nonetheless intends to compete with the likes of Google, OpenAI, and Anthropic. The iPhone maker has already partnered with OpenAI to carry ChatGPT’s capabilities to its gadgets, and is rumoured to construction a similar deal with Anthropic.

Individually, in keeping with a report, the tech large has held inside discussions contemplating the possibility of acquiring Perplexity. Nevertheless, no bids have been reported up to now.