Apple banks on on-device AI and $1B Gemini deal to avoid $100B infrastructure

Apple is prioritizing on‑device AI through new wearables and a roughly 1 billion dollars per‑year Gemini license, sidestepping the 100 billion dollars infrastructure build pursued by rivals. The company’s shares have outperformed heavy AI spenders over the past year, while a chatbot‑style Siri upgrade for iOS 27 is planned later this year.