Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6526
    +0.0003 (+0.05%)
     
  • OIL

    84.04
    +0.47 (+0.56%)
     
  • GOLD

    2,345.20
    +2.70 (+0.12%)
     
  • Bitcoin AUD

    97,181.63
    -712.27 (-0.73%)
     
  • CMC Crypto 200

    1,323.83
    -72.70 (-5.20%)
     
  • AUD/EUR

    0.6103
    +0.0030 (+0.49%)
     
  • AUD/NZD

    1.0993
    +0.0035 (+0.32%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,710.51
    +280.00 (+1.61%)
     
  • FTSE

    8,143.07
    +64.21 (+0.79%)
     
  • Dow Jones

    38,204.32
    +118.52 (+0.31%)
     
  • DAX

    18,158.34
    +241.06 (+1.35%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Apple just bought a low-power AI startup

It's reportedly spending somewhere around $200 million.

Apple has acquired another Seattle-based AI startup, Xnor.ai. The startup specializes in low-power edge-based tools that allow AI to operate on devices, rather than in the cloud. The tech could allow Apple to bring edge-based AI software to future iPhone models.

Apple is giving its standard response: "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans." But one Xnor.ai illustration, shared by GeekWire, shows a computer vision tool identifying objects in a photo using software on an iPhone. That might be the kind of capability we can look forward to.

According to GeekWire, Apple spent in the range of $200 million on Xnor.ai, which spun out of the Allen Institute for Artificial Intelligence, or AI2, created by Microsoft co-founder Paul Allen. That's about how much Apple spent on Turi, another AI startup the company acquired in 2016. In the past couple years, Apple has also purchased the self-driving startup Drive.ai, the privacy-focussed AI company Silk Labs and the voice-tech startup PullString.

Competitors like Google and Facebook use acquisitions to expand their AI talent and new technology fairly often. Facebook recently spent somewhere between $500 million and $1 billion on the neural monitoring startup CTRL-labs. And while Google may have the lead when it comes to AI, this Xnor.ai acquisition could give Apple, specifically the iPhone, a boost.