Apple’s AI Efforts ‘Have Struck Midnight’ and the only Way It Can Stop Getting Further Behind Is Acquiring Perplexity, Analyst Dan Ives Says

Apple’s AI efforts ‘have struck midnight’ and the only way it can stop getting further behind is acquiring Perplexity, analyst Dan Ives says

Wedbush Securities’ Dan Ives said Apple needs to acquire the $14 billion startup Perplexity in order to catch up and ultimately prevail in the AI race. While the company has an advantage because of the popularity of its iPhone and other iOS devices, it ultimately needs to look outside instead of building out an AI product in-house, Ives wrote in a Wednesday note.  Apple is falling behind in the AI race, and the only way it can catch up is by buy…

Ives: Apple needs to buy Perplexity

Wedbush Securities analyst Dan Ives says time is running out in the AI race, and Apple needs to leap to the front of the pack with a Perplexity acquisition.

Why acquiring Perplexity would be a smart move for Apple

Apple is reportedly exploring a significant strategic move to bolster its artificial intelligence capabilities by engaging in early-stage discussions to acquire Perplexity AI, a fast-growing startup known for its AI-powered search engine, valued at approximately $14 billion. This potential acquisition, which could cost Apple upwards of $30 billion according to some analysts, would mark the company's largest-ever deal by far, greatly surpassing i…

Daniel Ives goes all in on Apple-Perplexity AI deal | Philip Elmer‑DeWitt

From a note to Wedbush clients that landed on my desktop Wednesday.