Apple Has Dropped the Ball on AI. Buying Perplexity Could Help It Catch Up, Say Analysts. - Barron's
1. Wedbush suggests Apple must acquire Perplexity to boost AI capabilities. 2. Apple risks losing market share as AI competition intensifies from rivals. 3. Analysts highlight Apple as a laggard in AI integration with Siri. 4. Perplexity's acquisition may disrupt existing partnerships and poses legal risks. 5. Wedbush maintains a $270 target price, emphasizing immediate action.