Apple acquires 2 AI companies

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Apple’s on a buying spree as it ramps up its efforts in the tech industry’s latest arms race: artificial intelligence.

Bloomberg reports that Apple has bought Perceptio, a company that makes image-recognition technology for smartphones, its second AI deal in four days.

On Friday, Oct 2, 2016, Apple acquired another AI company: VocalIQ, a UK-based startup developing technology to help computers understand human speech. Google, Facebook, and Microsoft are all engaged in an AI arms race, hiring experts in the field from academia and acquiring specialized startups.

Read the source article at Business Insider