Feed: Slashdot
Feed Link: https://slashdot.org/
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Title: Apple Discussed Buying Mistral AI and Perplexity
Link: https://apple.slashdot.org/story/25/08/26/206...
According to The Information, Apple executives have debated acquiring Mistral
AI and Perplexity to strengthen its AI capabilities. MacRumors reports:
Services chief Eddy Cue is apparently the most vocal advocate of a deal to
buy AI firms to bolster the company's offerings. Cue previously supported
propositions of Apple acquiring Netflix and Tesla, both of which Apple CEO
Tim Cook turned down. Other executives such as software chief Craig Federighi
have reportedly been reluctant to acquire AI startups, believing that Apple
can build its own AI technology in-house. [...] Apple is said to be hesitant
to do a deal, which would likely cost billions of dollars. Apple has rarely
spent more than a hundred million dollars on an acquisition, with Beats at $3
billion and Intel's wireless modem business at $1 billion. If a federal
ruling ends the $20 billion deal between Apple and Alphabet that makes Google
the default search engine on its devices, the company could be compelled to
acquire an AI-powered search startup to fill that gap. For now, Apple
apparently told bankers that it plans to continue with its strategy of
focusing on smaller deals in AI.
Read more of this story at Slashdot.
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