Apple has acquired a video-focused AI company: report

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Apple Inc. has reportedly acquired Vilynx, an artificial-intelligence company based in Spain, according to Bloomberg. The report, which cites multiple unnamed sources, said that Apple scooped up Vilynx earlier this year and may use the company’s AI and computer-vision technologies to analyze video content and improve the way Apple employs artificial intelligence in its apps. Apple told Bloomberg in a statement that it “buys smaller technology companies from time to time and we generally do not discuss our purpose or plans,” according to the report. Bloomberg cited the deal price at about $50 million, citing its sources. Apple shares ended Tuesday’s session up 1.4%. The stock has risen 23% over the past three months as the Dow Jones Industrial Average has gained 3.3%.
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