Xnor.ai, spun off in 2017 from the nonprofit Allen Institute for AI (AI2), has been acquired by Apple for about $200 million.

Apple confirmed the reports with its standard statement for this sort of quiet acquisition: “Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.” (I’ve asked for clarification just in case.)

Yet using Xnor’s algorithms they could accomplish tasks like object recognition, which in other circumstances might require a powerful processor or connection to the cloud.

An acquisition by Apple makes perfect sense when one thinks of how that company has been directing its efforts towards edge computing.

But Xnor’s technology is highly adaptable and as such rather difficult to predict as far as what it enables for such a vast company as Apple. | To read full story, visit https://startuparound.com/read/1579129207.7651472/Apple-buys-edge-based-AI-startup-Xnor.ai-for-a-reported-$200M-–-TechCrunch?ref=audio_experience