### [Apple buys edge-based AI startup Xnor.ai for a reported $200M (TechCrunch)](https://techcrunch.com/2020/01/15/apple-buys-edge-based-ai-startup-xnor-ai-for-a-reported-200m/) https://miro.medium.com/max/3840/1*_o9Z6bf_hnHlHcuEz5RUoA.jpeg * **Apple has reportedly acquired AI start-up Xnor.ai for almost US$200m**. * Xnor.ai began as a process for making machine learning algorithms highly efficient and was spun off the non-profit Allen Institute for AI (AI2) in 2017, raising US$2.7m in early 2017 and US$12m in 2018. * The company specialises in bringing intelligence to “smart” devices, i.e. running machine learning on-device rather than in the cloud. ### Analysis and Comments * **Apple reportedly beat approaches from other big groups including Microsoft, Amazon and Intel with its US$200m offer, which is the latest in a series of small AI acquisitions**. * Apple’s pursuit of better on-device AI capabilities makes sense given the backdrop of increasing scrutiny from regulators regarding big tech companies: **Apple likely intends for its devices to operate independent of the cloud for tasks that are particularly sensitive to privacy concerns (e.g. facial recognition, natural language processing, and augmented reality).** * This allows users to retain full control of their personal data and would give Apple an edge in the fight to distinguish itself from other big tech companies.  <p></p> <h3>You don't want to miss a Crypto news?</h3> ### <h3>Follow me on [Twitter](https://twitter.com/VinnieLemon) or [Facebook](https://www.facebook.com/DailyCryptoNewss) ##### Come try out a great blockchain game: [Splinterlands](https://steemmonsters.com/?ref=vlemon) https://files.steempeak.com/file/steempeak/vlemon/vI71ob8g-Splinterlands.png
| author | vlemon |
|---|---|
| permlink | apple-buys-edge-based-ai-startup-xnor-ai-for-a-reported-usd200m |
| category | technology |
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| created | 2020-01-21 17:28:27 |
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| root_title | "Apple buys edge-based AI startup Xnor.ai for a reported $200M" |
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#### Hi @vlemon! Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation! Your **UA** account score is currently 4.820 which ranks you at **#1422** across all Steem accounts. Your rank has not changed in the last three days. In our last Algorithmic Curation Round, consisting of 117 contributions, your post is ranked at **#18**. ##### Evaluation of your UA score: * Some people are already following you, keep going! * The readers appreciate your great work! * Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score! **Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
| author | steem-ua |
|---|---|
| permlink | re-apple-buys-edge-based-ai-startup-xnor-ai-for-a-reported-usd200m-20200122t131013z |
| category | technology |
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| created | 2020-01-22 13:10:15 |
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| root_title | "Apple buys edge-based AI startup Xnor.ai for a reported $200M" |
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