alt Hacker NewsApple finance took over and scoffed at their engineers wanting to spend $10B on AI hardware, so they bought back stocks instead because Buffet understands that.
Apple finance took over and scoffed at their engineers wanting to spend $10B on AI hardware, so they bought back stocks instead because Buffet understands that.
MS, Google, and Meta are spending hundreds of billions on AI, however their stocks are growing by the same amount. This doesn't seem like a crazy spending when looking at this, and better than just buying stock back and doing exactly nothing like Apple is doing.