Apple (AAPL.US) Reportedly Cuts Internal AI Budget as Big Tech's AI Spending Enters an "Era of Reckoning"

Zhito Finance APP has learned that, according to reports, Apple Inc. (AAPL.US) is cutting its budget for employee use of artificial intelligence (AI) as part of cost-reduction measures, even though the company is still seeking to place AI at the core of its own operations. According to people familiar with the matter, last month Apple quietly lowered the daily spending cap for some engineers using AI models from $300 to $200. These people said Apple is currently planning to further cut the budgets of some engineering teams, with daily limits potentially as low as $100.