Apple maintains $14B AI budget while Amazon, Google, Microsoft, and Meta plan $650B combined spending on infrastructure for 2026. Hyperscalers now direct 94% of operating cash flows to AI, with Amazon projected $28B negative on free cash flow. Apple licensed Gemini instead of building foundation models—discipline or denial remains the key question for investors.

#AI #TechStrategy #Apple

https://www.implicator.ai/apple-refuses-650-billion-ai-arms-race-spends-14-billion-while-rivals-bleed-cash/