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While Big Tech Burns Cash on AI, Apple Waits

Summary by Fortune
Google will spend approximately $90 billion on AI infrastructure this year. Meta has committed $65 billion. Microsoft, Amazon, and Alphabet are collectively spending over $300 billion. Apple, meanwhile, is spending just $12.7 billion on capital expenditure for the entire fiscal year. The conventional narrative is that Apple is losing the AI race. But what if Apple has decided not to run in that race at all? The evidence for Apple’s apparent fail…

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channelnews.com.au broke the news in on Tuesday, February 17, 2026.
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