Apple Cuts Engineering AI Spending Cap by One-Third

T2Covered by 1 source · first reported by PYMNTS at 05 Nov, 00:36 UTC

Apple is lowering the artificial intelligence (AI) budgets for employees in its engineering teams and those in other teams, Bloomberg reported Wednesday (Nov. 4), citing unnamed sources. For some engineering teams, Apple cut the daily spending cap for AI models from $300 to $200 in October, and the…