Apple buys an A.I. start-up that came from Microsoft co-founder Paul Allen's research lab
Publishing timestamp: 2020-01-15 19:40:59
Summary
Apple has acquired Xnor.ai, an artificial intelligence software start-up. The company has previously used acquisitions to expand its AI talent, similar to other technology companies like Alphabet, Facebook, and Microsoft. Xnor specializes in running its software on devices with lesser computing resources rather than data centers. The deal was reported to be worth around $200 million.
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Keywords: microsoft corp, enterprise, breaking news: technology, meta platforms inc, technology, amazon.com inc, business, business news, apple inc, alphabet inc,
Source: https://www.cnbc.com/2020/01/15/apple-acquires-xnor-ai-startup-that-spun-out-of-allen-institute.html