Apple is not generally known for splurging on fancy acquisitions. Yet, the Cupertino giant appears poised to make an exception in the case of Prompt AI, whose talent and intellectual property might just be the adrenaline shot that Apple needs to regain its footing in the AI sphere.

Here Is What We Know So Far

As per the reporting by CNBC, Apple is nearing a deal to acquire Prompt AI . Relevant details include:

Prompt AI employees were informed about the imminent acquisition at an all-hands meeting on October 09.

The startup's investors will receive some compensation but won't be made whole. This suggests that Apple is driving a hard bargain on the acquisition price.

The final purchase price is not known yet.

Prompt AI's flagship product - the Seemour app - is now slated to go offli

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