Apple’s artificial intelligence strategy has been a failure, with AI features not driving iPhone sales. However, Apple may be looking to buy a generative AI company to boost its AI development. The company could target OpenAI, Perplexity, or Anthropic, with valuations ranging from $18 billion to $300 billion. Despite lagging in AI, Apple saw double-digit revenue growth in Q3. The question remains if AI features matter to consumers, but Apple’s new strategy could be a game-changer if it acquires a company like Perplexity. Investors should consider Apple’s potential in the AI arms race before investing.

Read more at Nasdaq: Apple’s New Artificial Intelligence (AI) Strategy Could Be a Genius Move