As race for AI startups heats up, Apple, Meta mull Perplexity acquisition

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To stay ahead in the artificial intelligence (AI) race, tech giants such as Apple and Meta are eyeing the acquisition of AI startups.

Apple executives have held internal talks about potentially bidding for AI startup Perplexity, Bloomberg News reported on Friday, citing people with knowledge of the matter.

The report added that discussions are at an early stage, and that the tech giants’ executives are yet to approach Perplexity’s management.

“We have no knowledge of any current or future M&A discussions involving Perplexity,” Perplexity said in…



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As race for AI startups heats up, Apple, Meta mull Perplexity acquisition


To stay ahead in the artificial intelligence (AI) race, tech giants such as Apple and Meta are eyeing the acquisition of AI startups.

Apple executives have held internal talks about potentially bidding for AI startup Perplexity, Bloomberg News reported on Friday, citing people with knowledge of the matter.

The report added that discussions are at an early stage, and that the tech giants’ executives are yet to approach Perplexity’s management.

“We have no knowledge of any current or future M&A discussions involving Perplexity,” Perplexity said in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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