web

Apple was the largest buyer of AI companies

Must Read

Brian Adam
Professional Blogger, V logger, traveler and explorer of new horizons.
- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

Apple was the biggest buyer of artificial intelligence companies from 2016 to 2020, beating out companies like Facebook, Google and Microsoft.

Apple was the largest buyer of AI companies between 2016 and 2020

From 2016 to 2020, Apple acquired 25 artificial intelligence companies, according to a new report from GlobalData. The rest of the list of leading buyers of AI companies included Accenture, Google, Microsoft and Facebook, based in Ireland.

Some of the companies that Apple acquired include Silk Labs, Turi, Drive.ai, and Voysis. Apple does not disclose any details about its acquisition plans. Although the company’s AI purchases are likely to bolster the company’s machine learning and Siri-related technologies.

“Apple has gone shopping in an effort to catch up with Google (Google Assistant) and Amazon (Alexa). Siri was first to market, but consistently ranks below both in terms of ‘intelligence’, which is part of the reason why Apple is far behind in smart speaker sales, ”said the GlobalData analyst. Nicklas Nilsson.

Credit: GlobalData

Nilsson notes that the purchase of machine learning startup Inductiv was made to improve Siri data. Voysis was purchased to enhance Siri’s natural language processing; and PullString technology could improve Siri’s integration with third-party iOS app.

“Apple also wants to make sure it maintains its strong position within wearables. It is the dominant player in smart watches. The acquisition of Xnor.ai last year was made to improve its processing capabilities at the edge, which has become important as it eliminates the need to send data to the cloud, thus improving data privacy, ”said the analyst.

The Cupertino tech giant doesn’t publicly disclose all the acquisitions it makes, so there may be other companies GlobalData missed.

- Advertisement -

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.