Xnor.ai: Apple's reported $200 million acquisition of Xnor.ai is part of the bigger red-hot trend of edge computing

The edge computing industry is expected to be worth more than $3 billion dollars in the next five years. In January Apple acquired one firm, Xnor.ai, for a reported $200 million, while competitor Kneron raised $73 million in funding from backers like Alibaba and Qualcomm. Edge computing allows data to be processed 'on-device', removing the dependency on cloud networks - and limiting the risk of user data being hacked. Early Xnor.ai backer Autotech Ventures told Business Insider he is so 'optimistic' about the industry's future, his firm has already invested in another edge startup. Click here for more BI Prime stories.By 2025, the edge computing industry is expected to be worth $3.24 billion. In January Apple acquired Xnor.ai, an edge AI startup, for a rumored $200 million. A few weeks later,