Although the year 2020 started with a crisis, the technology landscape has drastically gained its momentum, and artificial intelligence has played a crucial role amid this pandemic. And that’s why the majority of companies are trying to get their hands on this technology, either by hiring AI and analytics experts or by acqui-hiring AI startups.
Every year, many AI companies get acquired, especially the promising startups that get gobbled up by large tech companies in order to expand their AI capabilities. Similarly, this year also saw many exciting mergers and acquisition in the AI space, despite the COVID pandemic.
Here are the top AI acquisitions of 2020, so far — in random order:
Apple Acquired Xnor.ai
In January 2020, Apple announced that the company had acquired an edge-based AI startup — Xnor.ai for a reported $200 million. The company, Xnor.ai, employs machine learning and image recognition tools for delivering AI capabilities on low-resource edge devices and has been one of the promising AI companies to acquire. The acquisition by Apple was an attempt to direct its efforts towards edge computing to keep user information more private and speed up processing. Not only edge-based computing brings back the data from the cloud to the device, improving the response times, but also allows for faster programs that would use significantly fewer data.
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