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  • Apple has bought a bit of-recognized AI firm for a reported $200 million.
  • In line with GeekWire, the acquired firm is a Seattle-based mostly startup that makes a speciality of low-energy, edge-based mostly synthetic intelligence instruments, referred to as Xnor.ai.
  • Apple lately acquired an analogous startup referred to as Spectral Edge, a British startup that used machine studying to dramatically improve the standard of pictures that may be taken on the iPhone digital camera.
  • Enterprise Insider has approached Apple and Xnor.ai for remark.
  • Go to Enterprise Insider’s homepage for extra tales.

Apple simply cannot get sufficient of AI startups, it appears.

The tech big has reportedly bought slightly recognized AI-firm for round $200 million. In response to GeekWire, the acquired firm is a Seattle-based mostly startup referred to as Xnor.ai. that makes a speciality of low-energy, edge-based mostly synthetic intelligence instruments.

Bloomberg confirmed the acquisition with an Apple spokesman. Enterprise Insider has contacted Apple and Xnor.ai for remark.

Regardless of its acquisition by Apple, Xnor.ai owes its existence to Microsoft – kind of. That is as a result of it is an alumnus of AI2, an incubator for AI startups funded by Microsoft cofounder Paul Allen’s Institute for Synthetic Intelligence .

Although it isn’t but clear precisely how Xnor.ai’s merchandise will probably be utilized by Apple, the startup can also be thought to focus on picture recognition software program. Sources advised GeekWire that Apple paid within the vary of $200 million.

Apple’s purchases of Turi and Xnor.ai type a part of a wider current tendency on its half in the direction of shopping for small AI companies.

Final month, it acquired British AI agency Spectral Edge, a Cambridge-based mostly agency that makes use of combines picture-fusion know-how with machine studying to dramatically improve the standard of iPhone pictures.

In Might final yr, Apple CEO Tim Prepare dinner stated the tech big acquires an organization “on common, each two to 3 weeks,” with the corporate “primarily on the lookout for expertise and mental property” when making these purchases.

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