Apple Inc secretly acquired Seattle-based AI company Xnor.Inc.
Xnor, a spin-out from the Allen Institute for Artificial Intelligence (AI2), had raised $14.6 million in funding since it was founded three years ago. Xnor’s founders, Ali Farhadi and Mohammed Rastegari, are the creators of YOLO, a well-known neural network widely used for object detection<.
In November last year, Xnor abruptly pulled out of a licensing deal with Wyze Cam without giving reasons.
Financial terms of the acquisition were not disclosed.