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Apple acquires AI-linked video start up WaveOne
That's how Apple works best. They accumulate a collection of various technologies and keep them in their back pocket. Then, suddenly, almost without any warning at all, when they have all the pieces they need, they release something special.![]()
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$Apple (AAPL.US)$ has acquired WaveOne, a video startup that was working on artificial intelligence algorithms used to compress video.
In a LinkedIn post from last month, WaveOne's former head of sales and business development Bob Stankosh, said the company was using machine learning and deep learning technology that "could potentially change the world."
Terms of the deal, which was first reported by TechCrunch, were not disclosed.
In a LinkedIn post from last month, WaveOne's former head of sales and business development Bob Stankosh, said the company was using machine learning and deep learning technology that "could potentially change the world."
Terms of the deal, which was first reported by TechCrunch, were not disclosed.
WaveOne was founded in 2016 with the mission of turning video codes and integrating AI into them. The company's methods of video compression reportedly could reduce the size of files by as much as half.
KeyBanc Capital Markets recently said its proprietary data showed February spending on Apple products and services was above the three-year average.
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RDK79 : Struggling to grow internally. Should have bought Qualcomm years ago instead of numerous failed lawsuits that cost investors a bunch!
Mjg581 : Apple is an elite stock that belongs in every intelligent persons portfolio.