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Apple quietly acquired a startup that specializes in AI video compression.
While Apple may not be making any monumental jumps into AI just yet, the company acquired a startup last month that leverages machine learning technology to compress and decompress videos, as first spotted by TechCrunch.
The startup, called WaveOne, announced the sale to Apple on LinkedIn, with its former vice president of sales stating that Apple saw the company’s potential and “took the opportunity to add it to their technology portfolio.”
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