A new survey by an Apple analyst suggests the Cupertino-based company could spend several billion dollars in 2024 in order to catch up in the AI race. Analyst Ming-Chi Kuo expects Apple to spend “at least” $620 million on servers in 2023 and an estimated $4.75 billion on servers in 2024.

The AI race is hot and heavy between giant tech companies,

Source: Hot Hardware – Apple May Spend Over Billion By 2024 On Servers In Major Generative AI Push