Apple Acquires AI Startup For $50 Million To Advance Its Apps

Apple Acquires AI Startup For $50 Million To Advance Its Apps

In an attempt to scale up its AI portfolio, Apple has acquired Spain-based AI video startup — Vilynx for approximately $50 million.

In an attempt to scale up its AI portfolio, Apple has acquired Spain-based AI video startup — Vilynx for approximately $50 million.

Reported by Bloomberg, the AI startup — Vilynx is headquartered in Barcelona, which is known to build software using computer vision to analyse a video’s visual, text, and audio content with the goal of “understanding” what’s in the video. This helps it categorising and tagging metadata to the videos, as well as generate automated video previews, and recommend related content to users, according to the company website.

Read more: https://analyticsindiamag.com/apple-acquires-ai-startup-for-50-million-to-advance-its-apps/

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