Apple spends minimally on AI as rivals invest $700B, and crypto investors should be paying attention

Apple spends minimally on AI as rivals invest $700B, and crypto investors should be paying attention

Apple allocates $13-14B capex vs rivals' $650-700B on AI—50:1 gap despite holding $130B in cash. Company outsources AI via Google/OpenAI partnerships rather than building infrastructure, avoiding capex risk but creating vendor lock-in for product roadmap.