Bloomberg News Now June 20, 2025: Apple Debates a Deal with Perplexity, Trump Muses About Firing Powell, More
10 snips
Jun 21, 2025 Discover Apple's intriguing potential acquisition of Perplexity AI as it aims to enhance its artificial intelligence capabilities amidst competition. Delve into the geopolitical arena, where Japan's cancellation of a significant U.S. meeting stirs tensions, while Trump navigates complex positions on Iran. The episode also highlights the impact of proactive troubleshooting in retail, showcasing how a major outage has underscored the need for efficient digital solutions to prevent costly disruptions.
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Apple Eyes AI Startup Acquisition
- Apple is exploring acquiring AI startup Perplexity AI to boost its AI talent and tech.
- This move aims to build an AI search engine as a hedge against losing Google partnership revenue.
Google Partnership Under Threat
- Apple's $20 billion annual revenue from Google as default search is threatened by US antitrust scrutiny.
- This jeopardizes a critical partnership fueling Apple's income and search capabilities.
Trump Questions Powell's Fed Control
- President Trump is uncertain about firing Fed Chair Jerome Powell despite term nearing end.
- He questions why the Fed Board doesn't override Powell's policies.