Source: Business Insider
Apple has purchased a little-known AI company for a reported $200 million. According to GeekWire, the acquired company is a Seattle-based startup that specializes in low-power, edge-based artificial intelligence tools, called Xnor.ai. Apple recently acquired a similar startup called Spectral Edge, a British startup that used machine learning to dramatically enhance the quality of photos that can be taken on the iPhone camera. Business Insider has approached Apple and Xnor.ai for comment. Visit Business Insider’s homepage for more stories. Apple just can’t get enough of AI startups, it seems. The tech giant has reportedly purchased a little known AI-company for around $200 million. According to GeekWire , the acquired company is a Seattle-based startup called Xnor.ai. that specializes in low-power, edge-based artificial intelligence tools. Bloomberg confirmed the acquisition with an Apple spokesman. Business Insider has contacted Apple and Xnor.ai for comment. Despite its acquisition by Apple, Xnor.ai owes its existence to Microsoft – sort of.