Apple appears to be sitting out the AI arms race. Will the strategy work?

In fiscal 2025, Apple allocated $12.72 billion on capital expenditures likely tied to AI. That's far less than others.
Observer

The 5 Apple Executives Helping Steer Tim Cook’s A.I. Vision

As Apple competes with OpenAI and Google, five executives are shaping its A.I. strategy across software, hardware and services.