Apple cuts engineers’ daily AI budgets as it reins in spending

T2Covered by 1 source · first reported by TNW at 04 Nov, 20:40 UTC

Apple cut the daily AI spending cap for some engineers from $300 to $200 last month and plans further cuts, Bloomberg reports. It comes as CEO John Ternus pushes for a leaner Apple, while the company’s R&D costs rose 32% on AI and infrastructure. Apple has cut how much some engineers can spend on…