Tech Industry Daily: Breaking News & Analysis

Apple's AI Appetite: Perplexity on the Menu in Blockbuster Bite


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This is you Tech Industry Daily: Breaking News & Analysis podcast.

Today, June 29, 2025, the global tech sector is abuzz following several high-impact developments that reflect the industry’s relentless pace and evolving priorities. In a headline-making move, Apple is reportedly in talks to acquire Perplexity AI, an emerging leader in AI-powered search, for a potential 14 billion dollars. If realized, this would mark Apple’s largest acquisition and signal a strategic pivot to bolster its artificial intelligence capabilities while moving further away from reliance on Google. Apple’s leadership, including Eddy Cue and Adrian Perica, are directly involved, highlighting the seriousness of the negotiations. Expert consensus is that such a deal would position Apple as a formidable player in consumer-facing AI, with direct implications for the competitive landscape of search and smart assistant technologies.

Nvidia and Foxconn are making waves in the manufacturing sphere, reportedly collaborating to deploy humanoid robots at Foxconn’s high-tech server plant in Houston. This project aims to address persistent labor shortages and enhance efficiency. If successful, it could accelerate the adoption of AI-powered automation in large-scale industry, setting a new benchmark for smart factories globally. Investors are closely watching both companies, with Nvidia’s stock showing resilience after recent market volatility. Meanwhile, Uber’s partnership with Meta to use its AI infrastructure for large-scale data labeling reflects the growing reliance on foundational AI technologies to drive innovation in logistics and ride-hailing, and cements Meta as a key enabler in AI infrastructure.

On the product innovation front, Broadcom has unveiled a new line of power-efficient AI networking chips, targeting the ballooning compute needs of advanced data centers. Meanwhile, AMD has released a 400 gigabit Ethernet AI network card, with even faster next-generation cards teased for 2026. These launches underscore a sustained surge in demand for scalable, energy-efficient data infrastructure to support a new era of artificial intelligence applications.

From a broader perspective, FAANG companies are capitalizing on the momentum from aggressive AI integration and recovering market confidence. Current trends point to robust capital efficiency strategies, buybacks, and a push to monetize AI breakthroughs. However, regulatory pressure continues to mount, as reflected in ongoing US and European antitrust probes, and the recent escalation in trade tensions after the United States announced an end to talks with Canada over its tax policy targeting technology firms.

For investors and business leaders, today’s developments illustrate the critical importance of AI in defining future industry winners, the competitive value of strategic partnerships and acquisitions, and the growing regulatory risks associated with global tech expansion. Looking ahead, expect to see further consolidation in AI, increased cross-industry collaborations, and intensifying policy debates as the digital economy becomes ever more central to both consumer experiences and corporate strategies. Staying alert to shifts in AI infrastructure, trade dynamics, and policy will be essential for seizing new opportunities and mitigating risks in the months ahead.


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Tech Industry Daily: Breaking News & AnalysisBy Quiet. Please