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Apple reportedly buys edge-based AI startup for $200M


on which was created by the nonprofit Allen Institute for AI (AI2) has been reported to have been acquired by Apple for a cost of $200 million.

Apple reportedly buys edge-based AI startup $200M

The report was confirmed after an official statement by Apple that could have intended to discuss the quiet acquisition:

“Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.”

According to a news report from TechCrunch, began could run on even the lowest tier of hardware on earth and as well as things like embedded electronics in security cameras that use only a modicum of power. In addition, Xnor’s algorithms could be used to accomplish tasks like object recognition that might at times require a powerful processor or connection to the cloud.

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It was reported that Xnor raised a sum of $2.7M in early 2017 and $12M in 2018, both years overseen by Seattle’s Madrona Venture Group.

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