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Apple Acquires Seattle-based Ai Startup Xnor.ai, for Price in $200m Range

Apple Acquires Seattle-based Ai Startup Xnor.ai, for Price in $200m Range

Another Seattle-based startup, Xnor.ai, was purchased by Apple. The starter is specialized in low-powered edge tools which allow AI to work on devices instead of in the cloud. The technology could allow Apple to supply AI software for future iPhone models.

Apple has spent over 200 million dollars on Xnor.ai which has come out of the Allen Institute for Artificial Intelligence or AI 2, which was set up by Paul Allen, Microsoft co-founder.

In the past couple years, Apple has purchased the “Turi” Machine Learning startup, “Drive.ai” Self Driving startup and the Privacy Focussed AI “Silk Labs” and the “Voice Tech” startup PullString.

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Google and Facebook are growing their IA expertise and new technology quite often with acquisitions. Rectively, Facebook has spent between $500 million and $1 billion on CTRL-lab neural monitoring startup. Google may be leading the AI, this Xnor.ai acquisition may boost Apple, especially the iPhone.

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