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According to the newspaper sources, Amazon, Microsoft and Intel also bid for the startup. Apple’s proposal was more significant, the source said.
As one of the sources familiar with the Xnor technology told the publication, the startup’s AI developed for smart devices will be able to allow the company's customers to fully control their personal data. Also, with Xnor technology, mission-critical applications can continue to work even if they lose their connection to the cloud, for example, in cars without a driver.
Buying Xnor can be an important part of the company's marketing activities, as it tries to differentiate itself from Google and Facebook, FT sources say. Apple itself declined to comment on the startup’s acquisition.
source: ft.com
As one of the sources familiar with the Xnor technology told the publication, the startup’s AI developed for smart devices will be able to allow the company's customers to fully control their personal data. Also, with Xnor technology, mission-critical applications can continue to work even if they lose their connection to the cloud, for example, in cars without a driver.
Buying Xnor can be an important part of the company's marketing activities, as it tries to differentiate itself from Google and Facebook, FT sources say. Apple itself declined to comment on the startup’s acquisition.
source: ft.com
