Apple has lost the title of the most valuable company on the stock market because investors fear the consequences for the iPhone company of the China tariffs imposed by President Donald Trump.

The AI-supported search engine start-up Perplexity AI is aiming for an IPO in 2028 and has set itself ambitious sales targets. As CEO and co-founder Aravind Srinivas explained in an interview with Handelsblatt, the company aims to achieve an annual recurring turnover of one billion US dollars by 2026.