Last month, Apple lowered the daily spending cap for some engineers using AI models to $200 from $300, according to a Bloomberg report Wednesday. The company is said to now be planning further cuts for some engineering teams, potentially reducing their daily allowances to as little as $100.
Apple said this week that research and development expenses increased 32% in fiscal year 2026, driven by higher infrastructure and AI costs. Companywide operating expenses jumped 22% to a total of $75.5 billion, or 16% of total net sales.
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