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Exclusive: Apple acquires Xnor.ai, edge AI spin-out from Paul Allen’s AI2,Auto extracted Text……
Apple has acquired Xnor.ai, a Seattle startup specializing in low-power, edge-based artificial intelligence tools, sources with knowledge of the deal told GeekWire.
The acquisition echoes Apple’s high-profile purchase of Seattle AI startup Turi in 2016.
Xnor.ai didn’t immediately respond to our inquiries, while Apple emailed us its standard response on questions about acquisitions: “Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.” (The company sent the exact same response when we broke the Turi story.)
The deal is a big win as well for the startup’s early investors, including Seattle’s Madrona Venture Group; and for the University of Washington, which serves as a major source of Xnor.ai’s talent pool.
The three-year-old startup’s secret sauce has to do with AI on the edge — machine learning and image recognition tools that can be executed on low-power devices rather than relying on the cloud.
“We’ve been able to scale AI out of the cloud to every device out there,” co-founder Ali Farhadi, who is the venture’s CXO (chief Xnor officer) as well as a UW professor, told GeekWire in 2018.
“We make ‘AI everywhere’ a reality by enabling leading global brands to run state-of-the-art deep learning models on anything from a $2 batteryless piece of hardware to the cloud,” Farhadi told GeekWire when Xnor.ai was nominated for an AI innovation award last year.
The purchase price was reportedly in the range of $200 million, which would be on par with the Xnor.ai and Turi acquisitions.
Xnor.ai will provide Apple with edge computing capabilities that are in line with the Silicon Valley company’s interest in preserving data privacy — an issue that Apple CEO Tim Cook brought to the fore last year.
The Xnor
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AutoTextExtraction by Working BoT using SmartNews 1.02976805238 Build 26 Aug 2019
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