Source: Bloomberg
Summary
Apple has acquired an Indian startup as part of its artificial intelligence expansion plans. The deal, which was rumored last year, marks an important step for Apple’s AI ambitions in the key market. The acquisition is seen as a strategic move to strengthen Apple’s presence in India.
Our Reading
The launch follows a familiar script.
Apple buys a startup to boost AI. Because that’s exactly what was missing from their AI plans. Another acquisition, another “important step”. The script is getting old, but the play is still running. Apple’s AI ambitions are still “ambitious”. And India is still a “key market”. Yawn.
Author: Evan Null
