CEO Tim Cook says Apple ready to open its wallet to catch up in AI

August 1, 2025

, By The Economic Times

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Apple CEO Tim Cook signalled on Thursday that the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centres or buying a larger player in the segment, a departure from a long practice of fiscal frugality.

Apple has struggled to keep pace with rivals such as Microsoft and Alphabet’s Google, both of which have attracted hundreds of millions of users to their AI-powered chatbots and assistants. That growth has come at a steep cost, however, with Google planning to spend $85 billion over the next…

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CEO Tim Cook says Apple ready to open its wallet to catch up in AI

August 1, 2025

, Published By The Economic Times

ceo-tim-cook-says-apple-ready-to-open-its-wallet-to-catch-up-in-ai.jpg

Apple CEO Tim Cook signalled on Thursday that the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centres or buying a larger player in the segment, a departure from a long practice of fiscal frugality.

Apple has struggled to keep pace with rivals such as Microsoft and Alphabet’s Google, both of which have attracted hundreds of millions of users to their AI-powered chatbots and assistants. That growth has come at a steep cost, however, with Google planning to spend $85 billion over the next…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Small-value payments to cost banks; Swiggy’s grim Q1

Next News

AI SaaS startup Astra shuts down amid co-founder differences

The Economic Times

More like this

Popular

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