Apple (AAPL - Free Report) recently acquired Xnor.ai, a Seattle-based artificial intelligence start-up per a GeekWire report. Xnor.ai specializes in low-power edge-based tools that allow AI to operate on devices like smartphones, cameras, and drones, rather than in the cloud.
Per the report, Apple spent around $200 million on Xnor.ai, which was spun out of the Allen Institute for Artificial Intelligence or AI2, created by Microsoft (MSFT - Free Report) co-founder Paul Allen.
Apple uses AI across its software, allowing for search on devices and features like Siri. The employees brought to Apple as part of the Xnor.ai deal will likely be based in Apple’s Seattle offices.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Apple (AAPL - Free Report) recently acquired Xnor.ai, a Seattle-based artificial intelligence start-up per a GeekWire report. Xnor.ai specializes in low-power edge-based tools that allow AI to operate on devices like smartphones, cameras, and drones, rather than in the cloud.
Per the report, Apple spent around $200 million on Xnor.ai, which was spun out of the Allen Institute for Artificial Intelligence or AI2, created by Microsoft (MSFT - Free Report) co-founder Paul Allen.
Apple uses AI across its software, allowing for search on devices and features like Siri. The employees brought to Apple as part of the Xnor.ai deal will likely be based in Apple’s Seattle offices.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on AAPL - FREE
Get the latest research report on MSFT - FREE
Get the latest research report on GOOGL - FREE