Did you know that, according to CEO Tim Cook, Apple acquires a company every two to three weeks? It’s just added another startup to its long line of AI acquisitions. According to a report by GeekWire, the Cupertino-based company has made a deal with Xnor.ai, an edge-based AI startup, for $200 million. What is edge-based AI, you may ask? It’s a type of AI that executes algorithms locally (meaning on the hardware it’s being used for), instead of relying on the cloud. Xnor.ai specializes in image recognition software that can even run on low-powered devices. We know that iPhones aren’t low-powered…
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