Apple To Acquire XNOR AI

Iftekhar AbedinJanuary 20, 20201 Mins read426

Xnor.ai – an artificial intelligence software start-up, has been acquired by Apple. Xnor focuses on the efficient deployment of devices like smartphones, cameras, and drones. It was founded back in 2016 and has got about 50 employees so far.

In order to improve the edge devices of Apple – the startup came at a price of 200 Million US Dollars. In the first place, Xnor was spun from the Allen Institute of Artificial Intelligence. It’s a research lab created by the late Microsoft co-founder Paul Allen. The objective of building the lab was to boost artificial intelligence research.

However, just like being a dropout – Xnor seems to prove that wrong by selling the entire startup at a price of 200 Million US Dollars. Not only that, being acquired by the company valuing more than a Trillion-Dollar seems to make it the talk of the town.

Apple recently acquired a similar startup called Spectral Edge [Read More]. Spectral Edge is a British startup that used machine learning to noticeably enhance the quality of photos that could be taken on the iPhone camera.

Apple has been one of the core players of the modern tech world so far. Now it’s time for us to see how an AI software-based startup can help Apple to make its product way better.

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Iftekhar Abedin

A guy who believes in positivity till the end of the line. I love to communicate with people from different backgrounds and to know about their stories. Communication is something which I firmly believe to be good at and public speaking is something which makes me exceptional from a bunch of people. I’m really passionate about marketing and currently, I’m pursuing BBA majoring in Marketing in order to be a marketer in the near future. Apart from that, I always welcome divergent experiences with new lessons.