Market Insight : Perplexity's $14 Billion Challenge: How CEO Aravind Srinivas is Taking on AI Giants Like Alphabet and Apple
Market Insight : Perplexity's $14 Billion Challenge: How CEO Aravind Srinivas is Taking on AI Giants Like Alphabet and Apple Company Overview Apple Inc. (AAPL) continues to hold a significant position in the technology and artificial intelligence industry. The company is reportedly considering integrating external AI models like Anthropic and OpenAI to power its virtual assistant Siri, suggesting strategic moves to stay relevant in the AI race despite being perceived as somewhat of an AI laggard. This reflects Apple’s substantial user base combined with a renewed focus on AI innovation to compete against other tech giants such as Alphabet (NASDAQ: GOOG ) and Microsoft (NASDAQ: MSFT ). Technical Indicator Breakdown and Analysis (as of 2024-06-02) EMA12: 209.65996 - The 12-day Exponential Moving Average (EMA) indicates recent average price trends leaning slightly above current price, useful for spotting short-term momentum. Learn about EMA . EMA26: 209.010575 - T...