How Lucrative Would Apple Inc.’s (NASDAQ:AAPL) Recent Artificial Intelligence Acquisition May …

Tech giant Apple Inc.’s (NASDAQ:AAPL) move towards acquisitions hints that the Cupertino based giant wants to get a slice of every emerging technology. This is why the company has recently acquired a Seattle based machine learning and artificial intelligence startup Turi, for an agreed consideration of $200 million. Turi adds up to the list of the fifteen companies that Apple has acquired since 2015. A declining sales record of the existing product portfolio may have convinced CEO Tim Cook to explore new opportunities. The amount of this acquisition seems to be very little for Apple, given its huge pile of cash reserves. However, its contribution to Apple’s value would be a key factor to note, as artificial intelligence and machine learning is gaining its prominence among the top tech giants…


Link to Full Article: How Lucrative Would Apple Inc.’s (NASDAQ:AAPL) Recent Artificial Intelligence Acquisition May …