Xnor.ai: Apple's low-power AI acquisition will bolster its surging AR play

This story was delivered to Business Insider Intelligence Connectivity & Tech subscribers earlier this morning.To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here.Apple reportedly spent around $200 million to purchase US artificial intelligence startup Xnor.ai, according to GeekWire. The startup's low-power, edge-based AI tools will allow Apple to add AI features to power-constrained devices, like smart cameras or phones.Business Insider IntelligenceFor instance, Xnor.ai's most notable technology is an AI-based image recognition tool that enables on-device human detection for smart home cameras. Apple will also have access to a platform created by Xnor.ai that allows software developers who aren't well-versed in AI to implement AI-related code and data libraries in their apps.See the rest of the story at Business InsiderSee Also:LG is partnering with automotive software firm Cerence to develop an AI-powered connected car platformSpotify India gets a boost with Warner Chappell licensing dealOscar Health and Cigna have partnered to launch health plans for small businesses