The artificial intelligence race is heating up, with companies in the industry receiving huge valuations. And now, there are rumours that Apple is considering acquiring Perplexity, a move that would benefit some crypto tokens, especially those in the AI space.
Apple in Talks to Acquire Perplexity AI
The biggest technology news on Friday came from Bloomberg, which reported that Apple was considering buying Perplexity AI. This acquisition, if it proceeds, will likely be driven by Apple’s desire to catch up with other tech firms, such as Google, Amazon, and Microsoft, in the AI race.
The deal to acquire Perplexity comes as an antitrust lawsuit against Google is ongoing. This lawsuit argues that Google has entered into an unlawful deal with Apple to have its search engine pre-installed in its devices and browser. Apple pays Google over $20 billion a year for this.
Buying Perplexity would be an expensive one, as the company was recently valued at over $14 billion. As such, Apple would need to pay a premium, possibly over $20 billion, which would be Apple’s biggest buyout ever.
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Best Crypto to Buy if this Deal Goes On
Some of the top cryptos to buy today if the deal goes on are Bittensor (TAO), Virtuals Protocol (VIRTUAL), and Bitcoin Pepe (BPEP).
Bittensor (TAO)
Bittensor is one of the top AI crypto tokens to buy as the artificial intelligence boom continues. It is a decentralized, blockchain-based platform for developing AI and machine learning models. It offers a peer-to-peer marketplace where users trade computing power, storage, and other resources.
Bittensor is seen as the biggest AI crypto token with a market cap of over $3 billion. This means that its token may do well after Perplexity’s buyout, as that will signal that there is still demand for AI tools.
Notably, Bittensor offers a staking yield of 16%, making it one of the top rewarders for investors. For example, investing $10,000 in TAO and staking it will yield approximately $1,600.
Virtuals Protocol (VIRTUAL)
Virtuals Protocol is another top crypto to buy if Apple buys Perplexity. It is a blockchain network that helps creators launch their AI agents with ease. Over time, these creators have launched some popular agents like GAME, aixbt, and Ribbita.
In addition to its popularity in the AI agent industry, Nansen data shows that smart money investors are buying the token, a sign that they expect its price to bounce back after it plunged by double digits from its all-time high.
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Bitcoin Pepe (BPEP)
Bitcoin Pepe is not an AI token, but its performance is likely to continue doing well in the long term. It is a viral cryptocurrency that has raised over $15.2 million from investors despite the ongoing bear market.
Bitcoin Pepe has become popular among traders because of its promise to disrupt the meme coin industry. Its approach is to create a layer-2 network to scale Bitcoin’s network.
Unlike other multi-purpose layer-2 networks like Base and Stacks, its technology is about meme coins. Meme coins are a large part of the crypto market with a combined market capitalization of over $60 billion.
Bitcoin Pepe hopes to become the default chain that users think about whenever they think about meme coins. Looking ahead, the developers will unveil the next exchange listing partner on June 30. Hurry up and buy Bitcoin Pepe here.
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