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Apple Eyes Major AI Acquisitions to Compete

8/27/2025

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Summary

Story summary

Apple is exploring the acquisition of French AI startups Mistral and Perplexity to boost its AI capabilities.
The company aims to catch up with competitors such as Google and Samsung.
CEO Tim Cook signaled a focus on larger AI acquisitions.
Mistral, valued over $6 billion, seeks $1 billion at a $10 billion valuation.
Perplexity's founder denies knowledge of any merger talks.

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Story summary

Apple is exploring the acquisition of French AI startups Mistral and Perplexity to boost its AI capabilities.
The company aims to catch up with competitors such as Google and Samsung.
CEO Tim Cook signaled a focus on larger AI acquisitions.
Mistral, valued over $6 billion, seeks $1 billion at a $10 billion valuation.
Perplexity's founder denies knowledge of any merger talks.