Apple Aims for Greater AI Control with Development of In-House Server Chip from caleast industrial investors Watch Video

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✓ Published: 08-May-2024
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Apple is reportedly developing its own AI server chip, which is expected to focus on running AI models rather than training them. Apple CEO Tim Cook has assured investors that the company is investing in AI and will have major announcements soon. Apple's existing chip expertise, demonstrated by its custom silicon in its devices, could provide a critical advantage in the AI race. The company's M-series chips, currently used in consumer products, may be capable of performing certain AI functions. By developing its own server chip, Apple aims to have more control over its AI capabilities.

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Google employees questioned leadership about cost cuts, layoffs, and declining morale at an all-hands meeting after Q1 earnings beat estimates. CEO Sundar Pichai said most layoffs will be completed in the first half of 2024, with a much smaller scale in the second half. CFO Ruth Porat said expenses grew faster than revenue, which isn't sustainable, and the focus is investing in growth areas. Porat defended share buybacks and dividends, saying cash can't just be drained and the board has fiduciary duties.
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