Samsung Nears Wide-Ranging Deal With Perplexity for AI Features
(Bloomberg) -- Samsung Electronics Co. is nearing a wide-ranging deal to invest in Perplexity AI Inc. and put search technology from the artificial intelligence startup at the forefront of the South Korean company's devices.
Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry
Where the Wild Children's Museums Are
Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania
The Economic Benefits of Paying Workers to Move
NYC Congestion Toll Brings In $216 Million in First Four Months
The two companies are in talks to preload Perplexity's app and assistant on upcoming Samsung devices and integrate the startup's search features into the Samsung web browser, according to people with knowledge of the matter. The firms have also discussed weaving Perplexity's technology into Samsung's Bixby virtual assistant, said the people, who asked not to be identified because the talks are private.
Samsung is planning to announce the Perplexity integrations as early as this year, the people said, with the goal of including the service as a default assistant option in the Galaxy S26 phone line that's slated to launch in the first half of 2026. However, the specific details haven't been finalized and could still change.
The tech giant is also expected to be one of the biggest investors in a new round of funding for Perplexity, the people said. The startup is in advanced discussions to raise $500 million at a $14 billion valuation, Bloomberg News has reported.
The broad tie-up may help Samsung reduce its reliance on Alphabet Inc.'s Google and pave the way for it to work with a mix of AI developers, similar to Apple Inc.'s strategy for its devices and services. For Perplexity, the arrangement would mark its biggest mobile partnership to date and follows a recent integration deal with Motorola.
Representatives for Samsung and Perplexity declined to comment.
The two companies entered discussions about a partnership earlier this year, Bloomberg News reported in April. In recent weeks, the two sides met in South Korea, leading to them closing in on an agreement, the people said.
Samsung and Perplexity have also discussed building an AI-infused operating system and an AI agents app that can tap into functionality from Perplexity and a range of other AI assistants, the people said.
Apple has also shown interest in working with Perplexity. The iPhone maker has discussed using Perplexity as an alternative to Google Search as well as a substitute for ChatGPT integration in the Siri voice assistant, Bloomberg News has reported.
'We've been pretty impressed with what Perplexity has done, so we've started some discussions with them about what they're doing,' Eddy Cue, Apple's senior vice president of services, said during recent testimony at a Google antitrust trial.
It's unclear how Perplexity's relationship with Samsung, one of Apple's fiercest rivals, would affect that.
--With assistance from Shirin Ghaffary and Yoolim Lee.
YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom
Millions of Americans Are Obsessed With This Japanese Barbecue Sauce
Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back?
Will Small Business Owners Knock Down Trump's Mighty Tariffs?
Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To
©2025 Bloomberg L.P.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Palm Beach Housing Crunch Spurs $236 Million Muni Deal for Dorms
(Bloomberg) -- Student housing is so tight at Palm Beach Atlantic University that some applicants have chosen not to enroll. A $235.8 million high-yield bond deal is the school's bet to reverse that trend. Where the Wild Children's Museums Are Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry The Economic Benefits of Paying Workers to Move At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending Palm Beach County will issue the muni bonds on behalf of an arm of Provident Resources Group, an organization that specializes in student housing. Proceeds of the debt will finance the construction of roughly 275 housing units with 990 beds at the Christian college in West Palm Beach, Florida. The deal includes $212.7 million in senior revenue bonds and $23.1 million in subordinate bonds. Both series will include securities with a 40-year tenor, reaching maturity in 2065, according to preliminary offering documents. The debt is expected to price on June 4, and proceeds will fund student housing and a suite of campus amenities, including a dining hall, a health and recreational center with cardio and circuit floors, a weight room and a golf simulator. The project also includes a nine-story parking garage with 740 spaces for students, faculty and staff. Palm Beach Atlantic is investing $9 million of its own funds at the start of the project. Construction begins in June and is expected to wrap between July and August of 2027, according to bond documents. Gilbane Development Company is the real estate developer, while Gilbane Building Company will be handling the construction. JPMorgan is underwriting the deal. An entity associated with Provident will repay the bonds using lease payments from the university tied to the dining, parking and wellness facilities. Rent from students will back the housing portion. 'Blending those two together gets you a stronger projection and the ability to more accurately project cash flows for the long haul,' said Provident President Chris Hicks. Enrollment Pressures Palm Beach Atlantic University was founded in 1968 as a Christian liberal arts college. Full-time undergraduates between the ages of 17 and 20 are generally required to live on campus. But applicants unable to secure housing often withdraw, a challenge the university expects to intensify under a new policy taking effect this fall that raises the on-campus housing requirement to 21, offering documents say. 'There is a significant growth among enrollment at Southern schools, and you can't grow enrollment unless you have a place to put these kids,' said Jennifer Johnston, a senior vice president at Franklin Templeton. 'We're definitely seeing an increase in student housing balances in general.' Palm Beach Atlantic has seen a more than 500% increase in undergraduate applications since 2019, according to bond documents. Competition among universities is also fueling the debt boom. 'You need to have nice facilities, and that's what's driven up so much of this debt issuance for universities in general,' Johnston added. The university currently leases off-campus beds, but that hasn't been enough to meet demand. For the 2025-2026 academic year, it anticipates a shortfall of 456 beds, per the bond documents. Following the construction of the new residence project, undergraduate housing capacity is set to increase by 41%, about 2,217 beds. Many off-campus options are either too costly or require students to share a bedroom. That problem may worsen as rents in West Palm Beach rise. 'There's no such thing in West Palm Beach as cost-effective housing,' Hicks said. As of February 2025, the average rent in the city stood at $2,063, up from $1,972 in April 2024, according to bond documents. The new dormitory's per-bed rent is expected to average $1,152 a month, based on a 12-month lease. For the 2027-2028 academic year, rents for the new units range from $7,752 for a two-bedroom apartment to $8,232 for a unit with an ocean view, per semester. Ratings View Fitch Ratings assigned a BB+ rating to the senior bonds, noting that while the new facilities will enhance student life, their success hinges on continued enrollment momentum, analysts led by Seth Lehman wrote in the report. 'The project has a lot of debt and only a small amount of upfront contributions from the university,' Lehman said in an interview. 'It's a highly leveraged project.' Even so, the university reduces its financial exposure by having Provident as the borrower, he added. The dorms are expected to become a top choice among students. Palm Beach Atlantic University's debt is rated BBB+ by Fitch. The rating stems from the school's 'strategic transformation' from a commuter to a residential university with 'a more national appeal, maintaining its Christian-focused educational mission,' analysts led by Akiko Mitsui said in an April ratings report. The school is also well positioned to benefit from South Florida's evolving economy. As Wall Street firms move operations south, West Palm Beach has gained a reputation as 'Wall Street South,' bringing financial-sector jobs closer to campus. Between 2017 and 2022, a net of 30,000 New York City residents relocated to Florida's Palm Beach and Miami-Dade counties, transferring $9.2 billion in income, according to the report released April by the Citizens Budget Commission, a nonpartisan fiscal watchdog. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Will Small Business Owners Knock Down Trump's Mighty Tariffs? ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data


The Verge
41 minutes ago
- The Verge
The Polestar 4 now comes from South Korea instead of China
The 2026 Polestar 4 — the one without a rearview window — is now on sale in the US. And instead of being manufactured in China like the 2025 version, this all-electric coupe will be imported from South Korea. Of course, Polestar is a Volvo offshoot based in Sweden, and like Volvo it's owned by China's Geely. But with trade tension between the US and China escalating, Polestar's owners made a deal with Renault Korea Motors to manufacture the Polestar 4 at that company's plant in Busan. The EVs assembled there will be distributed to North America, as well as the South Korean market. That's the big news about the Polestar 4. The EV otherwise remains the same: the long-range single-motor rear-wheel drive version starts at $57,800 (including a $1,400 destination charge), which is only slightly more than the 2025 model year. Meanwhile, a dual-motor Polestar 4 with standard Pilot pack will start at $64,300. The EVs assembled there will be distributed to North America, as well as the South Korean market. The Polestar 4 is a coupe-style SUV with a targeted range over 300 miles and a 102kWh battery. One of the most distinctive features is the total absence of a rear window, which Polestar argues 'enables a new kind of immersive rear occupant experience.' The Verge contributor Daniel Golson said it was a little dark for rear-seat passengers but overall found a lot to like about the digital rearview mirror. The company says it will be its fastest production car to date, with a zero to 60mph sprint time of 3.7 seconds for the dual-motor versions and a maximum power output of 400kW or 544 horsepower. Both dual- and single-motor versions will be available, with single-motor versions featuring rear-wheel drive. The 102kWh battery is fitted to both long-range versions. A disconnect clutch allows the car to disengage the front electric motor when not needed to maximize range and efficiency. The Polestar 4, which is confusingly slotted between the Polestar 2 fastback sedan and the Polestar 3 SUV, is extremely important for the automaker's future. Polestar briefly removed the Polestar 2 from its website amid confusion around new tariffs from the Trump administration. The company is now only offering pre-owned versions of the EV. As InsideEVs notes, that makes the Polestar 4 the cheapest model in Polestar's limited North American lineup.


Gizmodo
an hour ago
- Gizmodo
Discover Samsung Sale Slashes M70C Smart Monitor Price by 55%, 4.7-Star Rated for a Reason
It's hard to tell which is smarter — the Samsung M70C Smart Monitor 4K UHD, or taking Samsung up on their brand-new deal that offers this all-in-one multipurpose monitor for just $250, a huge $300 drop (-55%) from its regular price of $550. Whether you're a PC or Mac user, the Samsung M70C has plenty of perks for you. The M70C Smart Monitor is truly a do-it-all piece of tech, with embedded native apps for streaming and gaming, while giving you the option for PC-free productivity with Microsoft 365, and even the ability to access and control your PC remotely. No matter which of the many, many options you choose to use the M70C Smart Monitor for (and you can use more than one simultaneously), it all comes across on a beautiful, clear 4K UHD 27-inch screen. See at Samsung Standalone or Pairable The Samsung M70C Smart Monitor's vast array of embedded apps makes is one of the most robust standalone monitors we've seen, but it also comes with enough connection potential to be even more useful. Two USB-A ports, a USB-C port, and an HDMI out port are ready to charge your devices, connect to a laptop or desktop solo, or as part of a multi-screen setup. All four ports can be deployed simultaneously. There are of course also wireless connection options, particularly if you have a Samsung Galaxy smartphone or tablet for a seamless connection that lets you send your favorite photos or videos to the Smart Monitor's 27-inch screen, or use the larger screen to mirror your mobile device. Apple fans, you're not left out of this either — the Smart Monitor works with AirPlay for your iPhone or iPad. The Smartest Smart Home Hub You'll love all of the embedded apps for gaming, including Samsung Gaming Hub, and all of the embedded streaming apps that are augmented with Adaptive Picture and Adaptive Sound+ tech that automatically adjust the brightness and sound based on your surroundings. But we can't leave out the built-in IoT Hub that lets you also manage your smart-home devices via the built-in SmartThings app, so as you're enjoying the many amazing features of the Smart Monitor, you can also answer the doorbell, adjust the thermostat, and more. The 27-inch Samsung Smart Monitor is also an ergonomic wonder, with height adjustment, and tilting, swiveling, and pivoting with ease. It can pivot all the way to portrait mode for conveniently reading long documents, and it's also wall-mountable. After running through all of these incredible features, now's a good time to remind you that the Samsung Smart Monitor is also on sale and in a big way — get it now for just $250 and save $300 off (-55%) its regular price. See at Samsung