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Fortune

Sheryl Estrada

Apple plans to hire 20,000 workers over the next four years but faces competition for AI talent

Apple United States Tim Cook Wamsi Mohan Bank of America

Apple CEO Tim Cook speaking onstage (Credit: Getty Images)

Good morning. Apple’s CEO Tim Cook is planning to spend big on American innovation.

The tech giant announced on Monday an investment of $500 billion in the U.S. over the next four years which will include projects such as a new server manufacturing facility in Houston slated to open in 2026 and a supplier academy in Michigan. Apple said it expected to hire about 20,000 workers during that time.

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