Apple (AAPL) acquires Israeli start-up Q.AI as it races Meta and Google on AI devices, FT reports; deal worth close to USD 2bln

Apple (AAPL) acquires Israeli start-up Q.AI as it races Meta and Google on AI devices, FT reports; deal worth close to USD 2bln.

Apple's acquisition of Q.AI for nearly $2 billion underscores its strategic push into AI, directly challenging competitors like Meta and Google. This move not only solidifies Apple's commitment to enhancing its technology hardware but may also signal an intensifying competitive landscape in AI-driven devices, potentially influencing market sentiment towards tech stocks.