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Apple acquires startup that uses AI to compress videos

By Cookie Monster - on 30 Mar 2023, 6:00am

Apple acquires startup that uses AI to compress videos

Apple has acquired another AI startup.

Bob Stankosh, the former head of sales and business development at WaveOne, shared on LinkedIn a month ago that the company finalised the sale to Apple. 

WaveOne is a Mountain View-based startup founded in 2016. The startup wanted to use AI to power the decades-old paradigm of video codecs. WaveOne's website reportedly shut down in January and several ex-employees are now working in several machine learning teams at Apple. 

Apple has made several AI-related acquisitions in recent years. It completed an acquisition of AI Music in 2022, a startup which relied on AI to offer personalised soundtracks and adaptive music. In 2020, Apple bought AI startup for $200 million. The AI startup specialised in machine learning and image recognition tools that can be executed on low-power devices rather than relying on the cloud. Other acquisitions include U.K startup Spectral Edge for improving iPhone photography, and AI startup Silk Labs for its privacy-forward AI experience.

Source: TechCrunch

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