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Apple shelves out $200 million for AI startup Turi

Posted on Monday, August 08 2016 @ 19:44:23 CEST by


Apple logo
Word on the street is that Apple bought artificial intelligence startup Turi for around $200 million. Apple confirmed the acquisition but refused to share further details. Turi offers tools that let developers easily scale machine learning applications.
While it's possible that Apple could make these available to third parties in the future, it may simply want the tools and the team behind Turi for itself. Apple has been talking up machine learning quite a bit lately — as has, you may have noticed, the entire tech industry — and this acquisition is likely part of the plan to make its apps and services much smarter. Every big tech company is racing in that direction, and Apple certainly wants to get out in the lead.




 



 

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