Once shortly, Apple proclaims the acquisition of one other firm or startup, however now, new analysis from GlobalData reveals that Apple is the truth is investing closely in synthetic intelligence. The analysis reveals that Apple has acquired more AI companies than anyone else between 2016 and 2020.
Apple comes forward of companies like Accenture, Google, Microsoft, and Facebook in the case of the acquisition of companies and startups focusing on AI. In 5 years, Apple has bought 25 AI companies, whereas Google has bought 14.
When contemplating the info from Apple, Google, Microsoft, and Facebook mixed, more than 60 of AI companies have been acquired between 2016 and 2020. “AI has remained a key focus area for tech giants and growing competition to dominate the space has resulted in an acquisition spree among these companies,” mentioned GlobalData.
With the advances in applied sciences that depend on synthetic intelligence, starting from digital assistants to neural engines, it’s anticipated that these large tech companies would spend money on such class. As for Apple, a lot of the acquisitions appear to be associated to enhancing Siri, as famous by Nicklas Nilsson, Senior Analyst on the Thematic Research Team at GlobalData.
Apple has gone on a buying spree in efforts to meet up with Google (Google Assistant) and Amazon (Alexa). Siri was first available on the market, but it surely persistently ranks beneath the 2 by way of “smartness”, which is partly why Apple is way behind in sensible speaker gross sales. Apple additionally wish to ensure that to maintain its robust place inside wearables. It is the dominant participant in smartwatches. The acquisition of Xnor.ai final yr was made to enhance its on-edge processing capabilities, which has turn into necessary because it eliminates the necessity for knowledge to be despatched to the cloud, thereby enhancing knowledge privateness.
Of course, there are investments in different areas as effectively. Lighthouse AI, a house safety digicam startup, was acquired by Apple in 2019, whereas Drive.ai, additionally acquired in 2019, had a number of applied sciences associated to autonomous autos. As all the time, Apple doesn’t element the aim of every acquisition.
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