Companies

Apple to Disband San Diego AI Team Amidst Reorganization

Published January 15, 2024

Apple Inc. is reportedly in the process of dissolving its 121-person artificial intelligence research team located in San Diego, as part of a larger internal reorganization strategy. This move puts numerous jobs at risk, potentially leading to a wave of terminations among the affected staff. Sources close to the company indicate that this decision is reflective of shifting priorities within Apple's AI and machine learning divisions.

Impact on Employees and Operations

The unexpected closure of the AI team signifies a considerable shift within Apple, leaving many to question the future path of the company's AI initiatives. Employees of the disbanded team are facing an uncertain future, with the likelihood of many being let go unless they are relocated to other departments within the technology giant.

Stock Market Response

Investors and analysts are closely monitoring the situation, as such internal changes can have implications for the company's performance and position in the market. The investment community, represented by the stock ticker AAPL, is keen on assessing how these structural adjustments will influence Apple's innovation trajectory, especially in the competitive field of artificial intelligence.

Apple, AI, Reorganization