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Apple to give $1bn towards preventing robot takeover of jobs in the US

Apple CEO Tim Cook has announced that his company is to create a $1bn fund to develop advanced manufacturing jobs in the US ahead of the so-called ‘robot takeover’.

by Colm Gorey

Despite sales of iPhones taking a dip the past financial quarter, Apple’s financial might remains unchallenged with $257bn in cash reserves that, in theory, could allow it to buy some major players in Silicon Valley.

However, Apple’s CEO Tim Cook has revealed that $1bn of this will be going towards a new fund designed to grow the number of advanced manufacturing jobs in the US.

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