Apple Inc (AAPL)

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Apple acquired 32 AI startups in 2023, the most among major tech companies
Thursday, February 8, 2024 12:36 pm
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According to a Statista report summarized by Stocklytics, Apple purchased 32 AI startup companies in 2023, a new record for the company as well as more than any other major tech company.

Edith Muthoni for Stocklytics:

According to Stocklytics.com, Apple purchased up to 32 AI startups by 2023, the highest number among tech giants.

In the overall AI startup acquisition, Google trails Apple with 21, Meta with 18, and Microsoft lags with 17.

Stocklytics financial analyst Edith Reads commented on the data:

In the ongoing AI arms race, Apple is making sizeable deals with many AI startups, putting it in a good spot for future tech developments even as its competitors, Microsoft and Google, make considerable investments in already established AI companies. By acquiring promising AI startups, Apple gains access to top-tier talent and innovative technologies and consolidates its foothold in crucial AI domains, ensuring a competitive edge in the rapidly evolving tech landscape.

MacDailyNews Take: As we wrote last month when Microsoft passed Apple in market value, “Apple is clearly behind in AI, especially generative AI, and is currently scrambling to catch up.”

https://macdailynews.com/2024/02/08/apple-acquired-32-ai-startups-in-2023-the-most-among-major-tech-companies/