On January 29, Apple announced that it has purchased Q.ai, an Israeli startup developing artificial intelligence technologies for audio. The terms of the Q.ai transaction, which was supported by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor, and GV, formerly known as Google Ventures, were not disclosed by Apple.The purchase valued the startup at roughly $1.6 billion, according to a source familiar with the issue. How Apple plans to employ Q.ai’s technology was not disclosed. It did, however, add that the business has been working on new machine learning applications. These apps will improve audio in difficult settings and aid devices in comprehending whispered conversation.Specifics of Q.ai and Apple DealQ.ai’s 100 workers, including CEO Aviad Maizels and co-founders Yonatan Wexler and Avi Barliya, will join Apple, the businesses stated. Maizels founded the three-dimensional sensing startup PrimeSense and sold it to Apple in 2013. In the end, the PrimeSense device assisted Apple in switching from fingerprint sensors to facial recognition technology for its iPhones.Maizels said in a statement that joining Apple presents incredible opportunities to push boundaries and fully utilise the potential of what Q.ai has produced. Q.ai’s team is excited to deliver these experiences to people everywhere.… Read MoreStartupTalky- Business News, Insights and Stories
