Apple acquires edge AI-firm Xnor.ai

Apple, acquisition, AI startup, Xnor.ai, AL, ML, Google Facebook, AI companies, privacy-focused, cloud,
Apple acquires edge AI-firm Xnor ai

Apple has acquired an AI software start-up, Xnor.ai. The Seattle-based startup specializes in low-power edge-based tools that enable AI to operate on devices instead of on the cloud. The deal is said to be worth $200 million, according to Geekwire.

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Apple has been investing in several AI-startups for the past couple of years. The company bought the privacy-focused AI company Silk Labs, voice-tech startup PullString, and Turi. Last year, Apple appointed John Giannandrea, SVP of AL and ML strategy to the company’s executive team. Other tech companies like Google and Facebook have been acquiring AI companies to expand their technology as well as talent.

Source: https://www.geekwire.com/2020/exclusive-apple-acquires-xnor-ai-edge-ai-spin-paul-allens-ai2-price-200m-range/