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Why Apple and Meta Are Ready to Throw Billions on This IIT Madras Graduate’s AI Startup
- Tech companies like Apple and Meta are actively looking to acquire promising AI startups to stay competitive in the industry.
- Apple is eyeing Perplexity AI, founded by IIT Madras graduate Aravind Srinivas, which specializes in AI-powered search engine and chatbot platform.
- Meta considered acquiring Perplexity AI and Thinking Machine Labs before investing in Scale AI to strengthen its AI division.
- The acquisitions are crucial for acquiring technology and talent in the fiercely competitive AI landscape.
- AI talent is in high demand, leading big tech companies to offer competitive compensation packages to attract top talent.
- Both Apple and Meta have faced setbacks in their AI strategies, prompting them to make strategic acquisitions to bolster their AI capabilities.
- Notably, startups like Thinking Machines Lab and Safe Superintelligence have high valuations based on the reputation and talent of their founders.
- Perplexity AI, despite not building its own cutting-edge models, focuses on multi-model architecture and innovative products, such as its agentic browser, Comet.
- These acquisitions signify the urgency for tech giants to stay at the forefront of AI innovation by tapping into the expertise and momentum of startups.
- The strategic moves by Apple and Meta reflect the industry trend where owning the right startup can be a game-changer in the race for AI leadership.
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