Apple is making a major play for innovation with the acquisition of Israel-based startup Q.ai, valued at a whopping $2 billion. The tech giant's decision comes as no surprise, given Apple's long-standing commitment to bolstering its capabilities in artificial intelligence (AI).
According to sources, the deal is set to bring a boost to Apple's AI prowess, following closely on the heels of other strategic moves made by the company. Q.ai, which has been making waves with its pioneering work in imaging and machine learning, will now join forces with Apple to drive innovation.
Johny Srouji, senior vice president of hardware technologies at Apple, hailed Q.ai as a "remarkable company" that's pushing the boundaries of AI technology. However, few details have been revealed about how the startup's expertise will be leveraged by Apple. One possibility is that it could enhance the tech giant's wearables, potentially incorporating AI-powered features into future headphones or glasses.
The brains behind Q.ai – including CEO Aviad Maizels – are set to join Apple as part of the acquisition deal. This marks Maizels' second stint with the company, following his initial sale of a 3D hearing business called PrimeSense in 2013.
For months, tech analysts have been speculating about an acquisition being the best route for Apple to gain ground in the AI market. Even during its Q3 earnings call in July, CEO Tim Cook acknowledged that M&A could be a key driver of innovation. With this deal, Apple is well on its way to developing its own in-house AI chatbot, potentially reducing its reliance on competitors like Google for Siri's artificial intelligence.
As the tech landscape continues to evolve, one thing is clear: Apple is committed to staying ahead of the curve when it comes to cutting-edge technology – and Q.ai is set to play a pivotal role in that pursuit.
According to sources, the deal is set to bring a boost to Apple's AI prowess, following closely on the heels of other strategic moves made by the company. Q.ai, which has been making waves with its pioneering work in imaging and machine learning, will now join forces with Apple to drive innovation.
Johny Srouji, senior vice president of hardware technologies at Apple, hailed Q.ai as a "remarkable company" that's pushing the boundaries of AI technology. However, few details have been revealed about how the startup's expertise will be leveraged by Apple. One possibility is that it could enhance the tech giant's wearables, potentially incorporating AI-powered features into future headphones or glasses.
The brains behind Q.ai – including CEO Aviad Maizels – are set to join Apple as part of the acquisition deal. This marks Maizels' second stint with the company, following his initial sale of a 3D hearing business called PrimeSense in 2013.
For months, tech analysts have been speculating about an acquisition being the best route for Apple to gain ground in the AI market. Even during its Q3 earnings call in July, CEO Tim Cook acknowledged that M&A could be a key driver of innovation. With this deal, Apple is well on its way to developing its own in-house AI chatbot, potentially reducing its reliance on competitors like Google for Siri's artificial intelligence.
As the tech landscape continues to evolve, one thing is clear: Apple is committed to staying ahead of the curve when it comes to cutting-edge technology – and Q.ai is set to play a pivotal role in that pursuit.