Apple may need to make its biggest acquisition ever to improve its artificial intelligence capabilities for upcoming products like smart glasses and wearables.
Mark Gurman of Bloomberg News suggests that Apple's internal AI efforts have fallen short, particularly with Siri's performance.
Acquiring a startup such as Perplexity AI could help Apple catch up in the AI field and potentially lead the way.
Apple, with over $130 billion in cash reserves, has the opportunity to acquire talent and technology to enhance its AI development.
Leading AI companies like OpenAI and Anthropic PBC are unlikely acquisition targets due to their high valuations and existing relationships with other tech giants.
Perplexity AI is considered a feasible acquisition target for Apple, offering advantages despite not having cutting-edge foundation models like other AI developers.