Tech Roundup: Apple's AI Boost, Amazon's Spending, Intel's Slump
1 Video View·Aug 3, 2024
Bloomberg's Matthew Bloxham gives an overview of the earnings situation from tech companies as Amazon.com Inc. told investors that profits for now will take a back seat to heavy spending on artificial intelligence, Intel Corp. delivered a grim growth forecast and plans to slash 15,000 jobs, and Apple Inc. predicted that its new AI features will spur iPhone upgrades in coming months.