Apple CEO Tim Cook Announces Openness to AI Acquisitions Amid Revenue Growth
By
Emma Roth
Front-window bakery material. Catches the eye, delivers the goods.
Summary
Apple CEO Tim Cook announced the company's openness to mergers and acquisitions as part of its increased investment in AI, during the release of Apple's third-quarter earnings. The company reported $94 billion in revenue, a 10% increase from the previous year. Despite this, Apple is perceived as lagging in the AI race, with competitors like Meta attracting its top engineers.
Key quotes
· 3 pulledApple is 'open' to mergers and acquisitions as it 'significantly' increases its investment in AI.
The iPhone maker raked in $94 billion between April and June, marking a 10 percent increase over the same period last year.
Apple continues to be seen as behind the AI race, with its efforts on Apple Intelligence lagging relative to its peers.
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