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

Dan Ives from Wedbush Securities emphasized that Apple is lagging in the AI race and urgently needs to acquire the $14 billion startup Perplexity to enhance its AI capabilities. Despite Apple's popularity with 1.5 billion iPhones and 2.3 billion iOS devices, the company is struggling to develop AI technology in-house. Recent poaching of its AI talent by competitors like Meta is a concern. Ives suggested that while time is running out for Apple, its existing device ecosystem could still provide an advantage in the competitive landscape.
Apple is at a highway rest stop on a bench watching this 4th Industrial Revolution race go by at 100 miles an hour.
Apple is way too behind and does not have the AI technology to compete. The clock has struck 12, they need to acquire Perplexity or risk getting further behind.
Read at Fortune
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