00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple said artificial intelligence remains a major growth opportunity as CEO Tim Cook
00:07used his final earnings call before becoming executive chairman, according to CNBC.
00:12Cook said running some AI workloads directly on iPhones and Macs gives Apple a competitive
00:17advantage while reducing cloud costs and improving security. The company continues to spend less on
00:22capital expenditures than its largest technology peers while increasing operating expenses tied to
00:28AI. Apple plans to launch an updated Siri this fall using a mix of on-device and cloud-based AI.
00:36Cook also said Apple is exploring paid AI upgrades through iCloud+, although it has not finalized
00:41a pricing strategy. For all things money, visit Benzinga.com.
