Apple’s AI efforts ‘have struck midnight’ and the only way it can stop getting further behind is acquiring Perplexity, analyst Dan Ives says

fortune.com/2025/07/09/apple-ai-acquisition-perplexity-dan-ives-wedbush

Wedbush Securities’ Dan Ives said Apple needs to acquire the $14 billion startup Perplexity in order to catch up and ultimately prevail in the AI race. While the company has an advantage because of the popularity of its iPhone and other iOS devices, it ultimately needs to look outside…

This story appeared on fortune.com, 2025-07-09 23:27:00.
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