Perplexity AI's surge in conversational search tech has sparked a bidding war between Apple and Meta, reshaping the future of AI-powered browsing and search.

A nearly 3-year-old AI startup has reportedly caught the attention of two of the largest and most influential tech companies, underscoring the fierce competition for AI talent and push to become leaders in what some believe will be the next major evolution of the internet.

In our opinion, any such deal … would likely be positive for shares that are currently in the penalty box given Apple is largely viewed as an AI laggard,” wrote the BofA an