Apple Reportedly Exploring Acquisition of Perplexity AI in Strategic AI Push
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Apple has reportedly initiated early-stage internal discussions about a potential acquisition of Perplexity AI, according to multiple media sources. While the tech giant has not yet approached Perplexity's leadership directly, Apple's M&A chief Adrian Perica has allegedly discussed the possible deal with senior executives, including services head Eddy Cue and other key figures in its artificial intelligence (AI) division.
The interest in Perplexity signals Apple's growing focus on strengthening its AI offerings, particularly in the search domain. If pursued, the acquisition could lead to the integration of Perplexity's AI-driven search capabilities into Apple's Safari browser. Such a move would mark a notable departure from Apple's current reliance on Google as the default search engine and could reshape the competitive landscape in consumer search technology.
The discussions come amid a broader industry trend of tech firms ramping up investments in AI to gain a competitive edge. Apple recently unveiled "Apple Intelligence" as part of its iOS updates, underscoring its intent to enhance user experiences through generative AI. Other major players, including Meta, have also shown interest in Perplexity; Meta was reportedly considering an acquisition earlier this year. Meanwhile, the company has committed significant funds around USD 15 billion to partnerships like Scale AI.
Perplexity, known for its AI-powered search tools that provide direct, summarised answers to user queries, has seen rising popularity as an alternative to traditional search engines. The company is backed by NVIDIA and recently completed a funding round valuing it at USD14 billion. This valuation places Perplexity among the top AI startups globally and highlights the increasingly high stakes in the generative AI sector.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
11 minutes ago
- Business Insider
Nvidia Stock Lands a New Street-High Price Target
Nvidia (NASDAQ:NVDA) has built its all-conquering march to the top of the market cap ranks on an unmatched position in the AI chip world. Having secured its dominance in this segment, another major wave of growth could now be on the horizon. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. In fact, Loop Capital analyst Ananda Baruah believes that momentum is already building, pointing to fieldwork that signals we are 'entering the next 'Golden Wave' of Gen AI adoption,' with the Jensen Huang-led company set to reap the rewards once again. 'NVDA is at the front-end of another material leg of stronger than anticipated demand (much like we saw in 2023 into 2024),' the analyst went on to say. In short, the analyst argues that Hyperscale is far bigger than most people realize. Baruah's analysis suggests Hyperscalers are on track to significantly ramp up their use of non-CPU compute – like GPUs, custom silicon, and AI accelerators – from around 15% today to between 50% and 60% of total compute by 2028, which could represent close to $900 billion on its own. At the same time, Nvidia's AI Factory initiative, which targets non-Hyperscaler customers, appears to have a clear path to tens of gigawatts of demand over the next two to three years, equating to a potential $450 to $900 billion opportunity, by Baruah's estimates. 'NVDA is sitting right in the middle of quickly converging dynamics which they both have worked to empower and are now material beneficiaries of,' the analyst further explained. Meanwhile, Blackwell has officially arrived. After some initial yield challenges with the B200 leading into the March quarter, followed by a temporary slowdown in the June quarter as customers held off for the B300 (with deliveries set to begin in July), Nvidia is now on track to reach full-scale production by the October quarter. Baruah's 'bottom-up checks' also support his broader outlook, with GPU shipments in 2025 and 2026 expected to hit around 6.5 million and 7.5 million units respectively (excluding China), with average selling prices near $40,000. Driving these numbers higher, Baruah points out, is the surge in reasoning models, which are far more compute- and token-intensive than initially realized and were not even accounted for in most forecasts before November 2024. Nvidia's GB200/300 NVL72 architecture is well-positioned to serve these demanding workloads, for both training and inference. Adding yet another dimension to Nvidia's positioning is the rise of Neoclouds, which Baruah describes as having become Nvidia's 'de-facto Data Center Arm.' Over the past nine months, Nvidia has strategically shifted its posture to treat these partners almost as extensions of its own infrastructure, strengthening the company's long-term ecosystem advantage. With all these growth catalysts aligning, Baruah believes a higher price target is justified — and he is setting a Street-high forecast at $250, suggesting Nvidia shares could rally 58% over the next year. It hardly needs adding but Baruah's rating stays a Buy. (To watch Baruah's track record, click here) It's mostly Buys elsewhere on the Street too; 34 other analysts join the bull camp and with an additional 4 Holds and 1 Sell, the consensus view is that this stock is a Strong Buy. At $175.28, the average price target factors in a one-year gain of 11%. (See NVDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
22 minutes ago
- Yahoo
TomTom to cut 300 jobs amid AI shift
(Reuters) -Dutch location technology company TomTom said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy. The group said the staff reductions concern its units working on the application layer, as well as sales and support functions.
Entrepreneur
22 minutes ago
- Entrepreneur
Eggoz Raises USD 20 Mn Led by Gaja Capital to Fuel Market Expansion
Existing investors including IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital, and Artek Chemicals also participated in the round. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Egg brand Eggoz has secured USD 20 million (approximately INR 167 crore) in a Series C funding round led by mid-market private equity firm Gaja Capital. The round also saw continued support from existing investors including IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, NABVENTURES, Artek Chemicals, Blue Dot Capital, and notable angels such as Arvind Thakur and S. Ramadorai. The fresh capital will be deployed to deepen Eggoz's footprint in its existing markets—Delhi NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Pune—while also expanding into East India. A portion of the funds will also go toward enhancing technology and supply chain infrastructure, ensuring hygienic and traceable egg distribution at scale. Abhishek Negi, Co-founder and CEO of Eggoz, said, "We're excited to welcome Gaja Capital to the Eggoz family as we enter our next growth phase. At Eggoz, we're not just building a brand—we're redefining a category that reaches most Indian households. This capital will help us strengthen our presence, expand to new cities, and invest in technology and supply chain infrastructure." Founded in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz has built a strong consumer brand by focusing on clean, protein-rich, and hygienically produced eggs. The company offers its products online, especially through quick commerce platforms, and offline via organised retail chains. It currently operates in 11 major Indian cities and has rapidly scaled due to rising demand for safe, traceable protein sources. Eggoz reported a 76% year-on-year revenue growth, hitting INR 130 crore in FY25, up from INR 74 crore the previous year. The company also achieved a peak annual recurring revenue (ARR) of INR 200 crore and EBITDA breakeven in Q4 FY25. "Eggoz is solving a critical gap in India's protein ecosystem with a scalable, tech-first approach," said Gopal Jain, Managing Director at Gaja Capital. "Their vertically integrated model and brand strength uniquely position them for long-term leadership in food and nutrition." Vikram Gupta, Founder of IvyCap Ventures, added, "With over 140 billion eggs produced in India annually, quality and traceability are critical. Eggoz is turning a fragmented category into a trusted consumer brand." This latest funding round brings Eggoz's total capital raised to over USD 29 million. In 2022, it secured USD 8.8 million in Series B funding, led by IvyCap Ventures.
