Apple has reportedly considered buying Mistral AI and Perplexity
The chorus of voices urging Apple to make a major AI acquisition to rectify its lagging position among its peers is getting louder, and it appears that Apple is at least listening. Apple executives have discussed acquiring either OpenAI rival Mistral AI (which has a $10 billion valuation) or AI-powered search engine Perplexity ($20 billion valuation), The Information reports — but has yet to make a move.
The iPhone maker has a lot of reasons to hesitate, which the report covers in depth, including a history of only small acquisitions, not wanting to overpay, and fears of culture clashes.
Wedbush Securities analyst Dan Ives, for his part, has been clamoring for Apple to acquire Perplexity to avoid having a “BlackBerry moment” in AI.
The iPhone maker has a lot of reasons to hesitate, which the report covers in depth, including a history of only small acquisitions, not wanting to overpay, and fears of culture clashes.
Wedbush Securities analyst Dan Ives, for his part, has been clamoring for Apple to acquire Perplexity to avoid having a “BlackBerry moment” in AI.
