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Apple’s AI efforts ‘have struck midnight,’ and the only way it can stop getting further behind is acquiring Perplexity, analyst Dan Ives says
Dan Ives of Wedbush Securities said it’s clear Apple is incapable of producing its own AI in-house, despite a company culture that strives to build superior products internally. In recent days, some of Apple’s top AI talent has also been poached by increasingly aggressive AI talent recruiter Meta, Bloomberg reported.
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Apple in talks to buy AI search startup Perplexity
Dan Ives, a well-known technology analyst at Wedbush Securities, stated that Apple is in advanced talks to acquire Perplexity, an AI-powered search engine startup backed by investors such as Nvidia and Jeff Bezos. He estimates the potential deal to be around $1.4 billion.
Dan Ives Says Apple (AAPL) Must Acquire Perplexity—Here’s Why It’s a ‘No-Brainer’
Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Waves on Wall Street. On July 9, Wedbush reiterated its “Outperform” rating on the stock and maintained its price target at $270.00. The rating affirmation reflects continued confidence in Apple’s potential.
Why Apple Needs to ‘Rip the Band-Aid Off' and Make This Move, According to Wedbush
Wedbush's Dan Ives said Apple should consider buying Perplexity and its AI search engine if it wants to catch up to its peers in the AI race.
I used Perplexity AI to plan my next trip — here's how you can too
Once you’re logged in, you’ll want to head straight to Perplexity Travel. You can access the section using the new thread button represented by a plus symbol. Then click on the travel tab in the sidebar. In Perplexity Travel you’ll have the opportunity to create your own adventure or let yourself be inspired by a curated selection of travel guides.
Apple stock has severely lagged the rest of the Mag 7. BofA says a rumored AI deal could turn it around.
With the stock down 20% in 2025, Apple could be poised for a comeback with a bold strategic move to bolster its AI prospects, Bank of America says.
Perplexity is the "no brainer" deal to help Apple launch its AI strategy: Wedbush
Wedbush said Perplexity is the "no brainer" deal to help launch Apple's ( NASDAQ: AAPL) AI strategy. The firm has an Outperform rating and $270 price target on Apple's stock.
Apple was one of the few stocks down Tuesday. Why acquiring Perplexity could be key.
Apple Inc.’s stock has had a rough go of it during the first half of the year. President Donald Trump’s tariffs caused have weighed on the company, as investors continue to gauge what the full cost to its business will be.
OpenAI, Perplexity challenge Google’s dominance in online search with new AI-powered web browsers
AI giants OpenAI and Perplexity are launching search browsers powered by AI as Google continues to face anti-competition lawsuits and fines. View on euronews
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