Sources: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs (Mark Gurman/Bloomberg)

Apple Inc. is reducing employee budgets for artificial intelligence usage as part of a cost-cutting effort, even as the company seeks …

bloomberg.com ·2h ago

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Also reported by 1 other outlet

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

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