Posted 3/19/2024, 11:30:00 AM
Apple Bets on Manufacturing AI Over Rivian Deal with Acquisition of DarwinAI
- Apple acquired AI start-up DarwinAI instead of pursuing a rumored deal with Rivian
- DarwinAI develops visual AI inspection technology to identify defects during manufacturing
- Acquisition aligns with Apple's reliance on devices rather than the cloud
- Unclear if DarwinAI will help Apple compete in broader AI space dominated by rivals
- Apple stock may be too expensive currently despite intriguing DarwinAI deal