Apple & AI
Last Friday, Apple acquired Artificial Intelligence start-up Turi for about $200 million. The recent acquisition of Turi is an opportunity for Apple to better tap into the expanding community of AI researchers.
Since 2011, 31 AI start-ups were acquired by large companies. The list of the firm buyers includes Google, Twitter, Yahoo, IBM and so on. Turi’s acquisition by Apple make part of this AI battle against giants like Google, Facebook or Amazon to gain an edge in AI, particularly in pervasive computing, where software tries to automatically infer what people want.
I Know First is also using AI to provide daily investment forecasts based on an advanced, self-learning algorithm. I Know First was bullish before and remains bullish on AAPL after the earnings report.
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