Apple's shares have closed the day at a record $349.51 after Wednesday's trading day, buoyed by the election like the rest of the NASDAQ. Apple stock is riding high once again. Following Apple's quarterly results , it is typical for the share price to take a hit for a short period of time before bouncing back to where it was. Following the November 2 results, AAPL has rebounded in a big way. Apple's stock started the day at $341.56, rising to a high of $354.50 before eventually closing out at a record close of $349.51, up 5.31% on the previous day's close. The previous record high close was $348.91 on October 29. Continue Reading on AppleInsider | Discuss on our Forums
Employees relying on third-party AI use to perform work at Apple will need to cut back as funding has been reduced by as much as a third for some. Apple's AI funding for external bots has been reduced Internal artificial intelligence use has become too expensive for many companies, including Apple, as returns for the expenses continue to wane. Apple uses the features for coding assistance, bug hunting , and more, but reliance on these expensive tools is proving costly. According to a report from Bloomberg , Apple has already cut available funds from $300 to $200 per engineer. Some cuts have even seen cuts down to $100, and yet some still have as little as $25 in AI funding for their projects. Continue Reading on AppleInsider | Discuss on our Forums
