Apple acquires AI startup specializing in overlooking manufacturing components

Share via:


Apple has added another AI startup to its acquisition list with Canada-based DarwinAI, which specializes in vision-based tech to observe components during manufacturing to improve efficiency, Bloomberg reported.

While Apple or DarwinAI haven’t announced this deal, several members of the startup’s team joined Apple’s machine learning teams in January, as per their LinkedIn profiles.

DarwinAI had raised over $15 million in funding across various rounds from investors including BDC Capital’s Deep Tech Venture Fund, Honeywell Ventures, Obvious Ventures, and Inovia Capital. BDC Capital confirms on its website that it has received an exit from DarwinAI, whereas Obvious Venture has updated its portfolio to reflect that the startup has been acquired.

BDC Capital and Obvious Venture didn’t comment on the story at the time of writing. Apple didn’t immediately respond to requests for comment.

As Bloomberg noted in its report, apart from helping with manufacturing efficiency, DarwinAI uses techniques to make AI models smaller and faster. This could be useful for on-device generative AI features Apple hopes to introduce in iOS 18 this year.

Apple has lagged in releasing gen-AI-powered features as compared to competitors like OpenAI, Google, Meta, and Microsoft. In February, Tim Cook said the company plans to introduce such features “later this year.”

“We continue to spend a tremendous amount of time and effort and we’re excited to share the details of our ongoing work in that space later this year,” Cook said during a quarterly earnings call with analysts.

Last year the Apple top exec had confirmed investment into gen-AI efforts. Apple’s job listings have suggested the company is exploring infusing AI in multiple internal and external areas including, Siri, developer tools, and customer support.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Apple acquires AI startup specializing in overlooking manufacturing components


Apple has added another AI startup to its acquisition list with Canada-based DarwinAI, which specializes in vision-based tech to observe components during manufacturing to improve efficiency, Bloomberg reported.

While Apple or DarwinAI haven’t announced this deal, several members of the startup’s team joined Apple’s machine learning teams in January, as per their LinkedIn profiles.

DarwinAI had raised over $15 million in funding across various rounds from investors including BDC Capital’s Deep Tech Venture Fund, Honeywell Ventures, Obvious Ventures, and Inovia Capital. BDC Capital confirms on its website that it has received an exit from DarwinAI, whereas Obvious Venture has updated its portfolio to reflect that the startup has been acquired.

BDC Capital and Obvious Venture didn’t comment on the story at the time of writing. Apple didn’t immediately respond to requests for comment.

As Bloomberg noted in its report, apart from helping with manufacturing efficiency, DarwinAI uses techniques to make AI models smaller and faster. This could be useful for on-device generative AI features Apple hopes to introduce in iOS 18 this year.

Apple has lagged in releasing gen-AI-powered features as compared to competitors like OpenAI, Google, Meta, and Microsoft. In February, Tim Cook said the company plans to introduce such features “later this year.”

“We continue to spend a tremendous amount of time and effort and we’re excited to share the details of our ongoing work in that space later this year,” Cook said during a quarterly earnings call with analysts.

Last year the Apple top exec had confirmed investment into gen-AI efforts. Apple’s job listings have suggested the company is exploring infusing AI in multiple internal and external areas including, Siri, developer tools, and customer support.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Researcher reveals ‘catastrophic’ security flaw in the Arc browser

Arc has a feature called Boosts that allows...

Aethir partners with Filecoin to solve GPU shortage, boost...

Aethir and Filecoin’s partnership integrates GPU leasing services...

M2 iPad Air, M4 iPad Pro, iPhone 16 cases,...

Happy iPhone 16 delivery day folks! While we...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!