Apple Planning to Buy Perplexity, Mistral: Report
In a move that could further solidify its position in the Artificial Intelligence (AI) market, Apple has reportedly held talks internally about acquiring Perplexity and French AI startup Mistral. The Information, a popular tech news publication, has cited people familiar with the matter, stating that the acquisition talks are ongoing.
This news comes on the heels of Apple CEO Tim Cook’s statement last month that the company is open to making larger AI-related acquisitions. As AI continues to play a crucial role in shaping the future of technology, Apple’s interest in acquiring Perplexity and Mistral could be a significant development in the industry.
Perplexity, a US-based AI startup, focuses on developing AI-powered language processing technology. The company has gained significant traction in recent years, with its technology being used by various industries, including healthcare and finance. Perplexity’s AI capabilities could complement Apple’s existing efforts in natural language processing, which are currently used in its Siri virtual assistant.
Mistral, on the other hand, is a French AI startup that is backed by Nvidia. The company specializes in developing AI-powered computer vision technology, which is used in various applications, including autonomous vehicles and medical imaging. Mistral’s technology could be integrated with Apple’s existing computer vision capabilities, which are used in its Face ID facial recognition system and other features.
The Financial Times reported earlier this month that Mistral was in talks to raise $1 billion at a valuation of $10 billion. This valuation would make Mistral one of the most valuable AI startups in the world. Apple’s potential acquisition of Mistral would be a significant coup, as it would give the company access to Mistral’s cutting-edge AI technology and talent.
Apple’s interest in acquiring Perplexity and Mistral is not surprising, given its long-term commitment to investing in AI research and development. The company has been investing heavily in AI research, with a focus on developing AI-powered features that can be integrated into its existing products and services.
In recent years, Apple has made several acquisitions in the AI space, including the purchase of AI-powered music recognition startup Shazam in 2018. The company has also partnered with various AI startups and research institutions to develop new AI-powered technologies.
The acquisition of Perplexity and Mistral would be a significant step forward for Apple in the AI market. The companies’ AI technology would complement Apple’s existing AI capabilities, allowing the company to develop more sophisticated AI-powered features that can be integrated into its products and services.
For Perplexity and Mistral, the potential acquisition would be a significant opportunity to join forces with one of the world’s most successful and influential technology companies. Both startups have made significant progress in developing their AI technology, and an acquisition by Apple would provide them with access to the company’s vast resources and expertise.
In conclusion, Apple’s reported interest in acquiring Perplexity and Mistral is a significant development in the AI market. The potential acquisition would give Apple access to cutting-edge AI technology and talent, allowing the company to further solidify its position in the industry. For Perplexity and Mistral, the potential acquisition would be a significant opportunity to join forces with one of the world’s most successful and influential technology companies.
