Apple buys Seattle-based Artificial Intelligence startup Xnor.ai

Apple has recently acquired Xnor.ai for around $200 million, GeekWire reported. As per the report, the startup will move to the Apple Seattle office.

The latest acquisition may help Apple access Xnor’s AI-enabled image recognition tools and integrated these AI technologies in iPhone.

Founded in 2016, Xnor.ai brings AI technology to the edge devices. Xnor’s platform can run complex deep learning algorithms on a wide range of devices such as drones, wearables, and smartphones, according to CrunchBase.

Without even revealing the main motive behind the acquisition, Apple has given its same standard statement saying, that Apple buys budding startups on a regular interval, which they find much more talented without revealing their plans, reports GeekWire.

The report suggested that this acquisition turns out to be a profitable proposition for Xnor.AI's early investors including Seattle’s Madrona Venture Group.