Apple reportedly acquires Xnor.ai to boost on-device AI

Did you know that, according to CEO Tim Cook, Apple acquires a company every two to three weeks?  It’s just added another startup to its long line of AI acquisitions. According to a report by GeekWire, the Cupertino-based company has made a deal with Xnor.ai, an edge-based AI startup, for $200 million. What is edge-based AI, you may ask? It’s a type of AI that executes algorithms locally (meaning on the hardware it’s being used for), instead of relying on the cloud.