Why Apple Just Acquired This AI Startup for a Reported 0 Million

Four years ago, Amazon founder and CEO Jeff Bezos granted $2 million to endow two professorships at the University of Washington, for Carlos Guestrin, and his wife, Emily Fox. The two teach in the computer science and statistics departments, respectively. Guestrin won another, far larger sum from Apple last week, when it acquired his machine learning startup, Turi. The deal is said to be worth around $200 million, as GeekWire first reported (and a person familiar with the matter confirmed to Inc.). The startup creates algorithms, and helps other developers embed machine learning functions into their apps. Turi currently works with over 100 paying customers. The news comes as Apple makes a more aggressive push to develop its own AI tool set. The company has acquired more than 15 businesses in the last year, including VocalIQ, which focused on…


Link to Full Article: Why Apple Just Acquired This AI Startup for a Reported 0 Million