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Apple is Quietly Expanding its Artificial Intelligence Ecosystem

TheMotleyFool

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Apple is Quietly Expanding its Artificial Intelligence EcosystemPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Apple (NASDAQ: AAPL) recently acquired Xnor.ai, a Seattle-based start-up that develops low-power, edge-based artificial intelligence tools. Apple didn't disclose the terms of the deal, but GeekWire claimed that the deal was worth about $200 million.

Apple reportedly paid a similar amount for Turi, another Seattle-based company that specializes in machine learning and AI, in 2016. Apple also recently acquired British AI start-up Spectral Edge for an undisclosed sum.

Image source: Getty Images.

Source Fool.com

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