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Apple executives held internal talks about buying Perplexity
Reuters
·
22d ago
Medial
Apple has held internal talks about potentially acquiring AI search startup Perplexity, valued at \$14 billion, though no formal bid has been made. The move could signal Apple’s shift away from Google for Safari search. Meta reportedly tried to acquire Perplexity earlier this year. The startup, backed by Nvidia, offers ChatGPT-like AI-powered search summaries.
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Apple Considers Buying AI Startup Perplexity
Inc42
·
22d ago
Medial
Apple is reportedly considering acquiring the AI startup Perplexity to enhance its AI capabilities. Internal discussions are being held among Apple executives, including head of mergers and acquisitions Adrian Perica and services chief Eddy Cue. The potential acquisition is at an early stage, with no direct engagement yet with Perplexity’s executives. Apple aims to integrate Perplexity’s AI search engine with its Safari browser, although no formal offers have been made.
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Arm prepares to meet investors ahead of blockbuster IPO
Economic Times
·
1y ago
Medial
Arm Holdings is set to launch its investor roadshow for its highly anticipated initial public offering (IPO) after Labor Day, with plans to set a price range for the offering next week. The IPO is expected in September, with shares trading on September 14. SoftBank, Arm's owner, aims to sell about 10% of Arm's shares in the IPO, valuing the company at $60 billion to $70 billion. Several major tech companies, including Apple, Amazon, Intel, Nvidia, Alphabet, Microsoft, Samsung, and TSMC, have held talks about participating in the IPO.
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Google's billion-dollar payouts got in the way of a deal with Apple: DuckDuckGo CEO
Economic Times
·
1y ago
Medial
Google's multibillion-dollar payments to Apple were a stumbling block in talks between Apple and DuckDuckGo, according to DuckDuckGo CEO Gabriel Weinberg. DuckDuckGo had reached a deal with Apple in 2014 to be listed as an option on Apple devices. However, DuckDuckGo wanted to be the default option for users working in privacy mode. Apple executives expressed interest but cited their distribution agreements with Google as a concern. These agreements involve Google paying billions of dollars annually to be Apple's default search engine.
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4 Internal Apple Emails That Helped the DOJ Build Its Case
Wired
·
1y ago
Medial
The US Department of Justice has filed a lawsuit against Apple, accusing the company of using the dominance of the iPhone to suppress competition in ways that harm consumers. The lawsuit quotes internal emails from Apple executives to demonstrate how the company intentionally locks users and developers into its ecosystem. It also highlights the restrictions on iMessage and the leverage exerted by the Apple Watch as evidence of anti-competitive behavior. Apple has denied the allegations and stated that it will vigorously defend against the lawsuit.
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Apple held talks with China’s Baidu over AI for its devices
Livemint
·
1y ago
Medial
Apple has reportedly entered preliminary discussions with Chinese search engine Baidu regarding the use of its generative artificial intelligence (AI) technology in Apple devices in China. Apple has been exploring partnerships with external companies to bolster its AI capabilities, and has also held talks with Google and OpenAI. In China specifically, Apple is searching for a local generative AI model provider, as China requires such models to be vetted by its cyberspace regulator before being launched to the public. Apple's discussions with Baidu are said to still be in the early stages.
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Perplexity raising new funds at $9 billion valuation: sources
Economic Times
·
8m ago
Medial
Search startup Perplexity is in talks to raise new funding that would value the company at $9 billion, reflecting investor enthusiasm in the AI industry. The California-based company is set to secure $500 million in funding, led by venture capital firm Institutional Venture Partners. Perplexity, which offers information search services, has already raised $73.6 million in Series B funding earlier this year. The success of OpenAI's ChatGPT has attracted investor interest in AI startups, prompting significant investments in language models. However, Perplexity has faced legal challenges, with publishers accusing the company of copyright infringement.
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Ex-Siri head reportedly wanted Apple to choose Google's Gemini over ChatGPT | TechCrunch
TechCrunch
·
1m ago
Medial
Former Siri head John Giannandrea advocated for Google’s Gemini chatbot to be prioritized over ChatGPT for integration with Siri. Despite concerns about ChatGPT's longevity and data protection, Apple chose ChatGPT for its integration announced at WWDC 2024. This feature allows Siri users to utilize ChatGPT when Siri lacks answers. Apple plans future integrations with other chatbots, like Gemini, and is exploring partnerships with AI search engine Perplexity for potential Siri and Safari enhancements.
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Piyush Goyal meets senior Tesla executives to discuss manufacturing plant plans
Startup News FYI
·
1y ago
Medial
Union Minister of Commerce and Industry, Piyush Goyal, reportedly held a closed-door meeting with senior Tesla executives last week to discuss the carmaker’s intentions to establish a manufacturing plant in India. The meeting came shortly after reports surfaced about the potential encounter between the Indian government and Tesla representatives.
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Looks like there won't be an Apple car after all
Business Insider
·
1y ago
Medial
Apple has decided to abandon its plans to manufacture its own electric car, according to sources. The company's executives reportedly broke the news to the approximately 2,000 employees working on the EV project, many of whom will be reassigned to Apple's AI division. The decision to end the project comes after Apple faced production challenges and decided to push back the car's launch date to 2028. Before the project was halted, Apple executives expressed concerns about the car's profit margins and the high costs involved in its development.
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For Apple’s AI push, China is a missing piece
Livemint
·
1y ago
Medial
Apple is searching for a Chinese partner to offer its Apple Intelligence services, as its current AI models are not available in China. The company has held talks with several Chinese firms, including Alibaba Group and Baidu, but no deal has been announced yet. In China, smartphone makers are incorporating AI functions into their devices at a faster pace than Apple, causing the iPhone brand to fall behind its local competitors. Apple's iCloud service in China is also subject to Chinese government regulations, and the country's rising patriotism could affect the company's standing.
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