Did you know that, according to CEO Tim Cook, Apple acquires a company every two to three weeks? You have just added another startup to your long line of artificial intelligence acquisitions. According to a GeekWire report, the Cupertino-based company has made a deal with Xnor.ai, an edge-based artificial intelligence startup, for $ 200 million.
What is edge-based AI, you may ask? It is a type of AI that runs algorithms locally (that is, in the hardware for which it is used), instead of relying on the cloud.
Xnor.ai specializes in image recognition software that can even run on low power devices. We know that iPhones do not have low power in any way, but this startup can help make the processing mode on the device efficient. In addition, you can help Apple take advantage of machine learning on future devices that It could have a comparatively lower processing power than a front-line phone (Apple Glasses, anyone?).
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Ali Farhadi, co-founder of the company, told GeekWire in an interview last year that the company has a self-service platform for developers who are not accustomed to AI coding; Use drag-and-drop modules and libraries that can run on virtually any device:
In Xnor our mission is to deliver AI everywhere, for everyone. We make artificial intelligence a reality everywhere by allowing the world's leading brands to run state-of-the-art deep learning models on anything from a piece of $ 2 battery-free hardware to the cloud.
According to a CBInsights report published last year, Apple led the AI acquisition career in 2019, having achieved more than 20 new companies in the field.
Some notable purchases of Apple's artificial intelligence over the years include Novauris Technologies (Siri developer), the Shazam music recognition application, the autonomous technology company Drive.ai and Spectral Edge, a startup that helps improve Image quality on smartphones.
We contact Apple for more details about the acquisition, and we will update the story once we have news.