Apple cuts employee AI budgets in cost-control push, Bloomberg News reports

Nov 4 (Reuters) – Apple has reduced employee budgets for AI usage as part of a broader effort to rein in costs, even as it seeks to expand the use of AI across its operations, Bloomberg News reported on Wednesday, citing people familiar with the matter. Here are the details: • Apple last month cut the daily AI spending allowance for some engineers to $200 from $300, the report said • The company…

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