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AIStart-up.com is for sale!
– Artificial intelligence Start-up –
From Google and Amazon to Apple and Microsoft, every major tech company is dedicating resources to breakthroughs in artificial intelligence. Personal assistants like Siri and Alexa have made AI a part of our daily lives. Meanwhile, revolutionary breakthroughs like self-driving cars may not be the norm, but are certainly within reach.
Investors are falling all over themselves to become part of the artificial intelligence innovation. AI-related companies raised 72% more in 2018 than they did in 2017 and the numbers seem set to rise beyond imagination. AI is incorporated into everything today – from self-driving cars to online casino games to military equipment. Artificial Intelligence -based marketing patents are the fasting growing global category, machine learning startups are expanding and may soon become the largest start-up sector.
Apple has paid almost $200m for an AI start up that specialises in bringing intelligence to “smart” devices, in one of the largest in a spate of acquisitions by the iPhone maker to make up for lost ground in a key technology.
The company’s offer for Seattle-based Xnor beat out approaches from other big groups including Microsoft, Amazon and Intel, according to two people familiar with the purchase.
The two-year-old start-up specialises in running complex machine learning models on so-called edge devices — the name given to the wide range of gadgets, from smartphones to smart home devices and cars, that operate beyond the reach of the cloud data centres that currently handle most artificial intelligence processing.