Announced
Financials
Sources
Tags
Software
Friendly
United States
Majority
Private
Single Bidder
application software
Acquisition
Pending
Disposal
Domestic
Private Equity
Synopsis
Apple agreed to acquire Xnor, a Seattle startup specializing in low-power, edge-based artificial intelligence tools, for approximately $200m. The acquisition echoes Apple’s purchase of Seattle AI startup Turi in 2016. The arrangement suggests that Xnor’s AI-enabled image recognition tools could well become standard features in future iPhones and webcams. Xnor.ai's work could potentially be incorporated into future iPhones, improving Siri and other AI and machine learning-based tasks that are done on device.
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