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Friday, January 17, 2020 4:04:09 PM
By: MarketWatch | January 15, 2020
Apple Inc. AAPL, +1.12% has acquired artificial-intelligence startup Xnor.ai for a price near $200 million, according to reports Wednesday. The acquisition, which was first reported by GeekWire, would give the smartphone giant access to low-power AI tools for image recognition in cameras. Apple didn't respond to MarketWatch's request for comment. Its stock closed down 0.4% in Wednesday's session but has been on a recent run. Shares have gained 54% over the past six months, as the Dow Jones Industrial Average DJIA, +0.54% has added 6.3%.
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