Apple Will Use Xnor.ai’s AI Chip Technology to Strengthen its Competitive Edge vis-à-vis Amazon, Microsoft, and Google

Summary Bullets:

• Apple will use the recently acquired Xnor.ai’s technology to enhance the AI and data processing capabilities of a range of products, including its cameras and HomeKit smart home system.

• To succeed against rivals such as Google, Apple will need to develop AI device capabilities that deliver additional functionality and value for its customers.

Apple’s recent US$200 million acquisition of Seattle-based Xnor.ai makes it the latest in a growing number of companies that are targeting the opportunities associated with AI and edge computing. Apple’s acquisition of Xnor.ai will potentially help it challenge the hyperscale cloud providers, Amazon Web Services, Microsoft Azure, and Google Cloud, all of which are focused on harnessing the benefits of AI and edge computing, and which compete against Apple in several product and service segments – including streaming media, virtual assistants, smart speakers, and tablets. Continue reading “Apple Will Use Xnor.ai’s AI Chip Technology to Strengthen its Competitive Edge vis-à-vis Amazon, Microsoft, and Google”