22.04.2024 19:33:54 - dpa-AFX: Apple Acquires Datakalab

CUPERTINO (dpa-AFX) - A recent report from the French business magazine
Challenges (via 9To5Mac) revealed that Apple acquired Datakalab, a Paris-based
startup specializing in AI and computer vision technology.

The acquisition occurred on December 17 of the previous year and was discreetly
completed, as indicated in a European Commission filing discovered by
Challenges.

While the founders of Datakalab did not join Apple, several other employees
transitioned. Before the acquisition, Datakalab had a staff of 10 to 20
individuals and held multiple patents related to AI compression and vision
technology.

The company positioned itself as an expert in low power, runtime efficiency, and
deep learning algorithms for device operations. Moreover, their advanced facial
recognition technology has the potential to enhance features such as Photos and
Face ID.

This acquisition aligns with Apple's intentions to introduce various AI features
in iOS 18 later this year. Datakalab has also developed advanced vision-based
technology that could support Apple's Vision Pro goals in the future.

The financial details of the acquisition remain undisclosed.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
APPLE INC. 865985 Frankfurt 171,540 03.05.24 18:57:45 +10,260 +6,36% 171,700 171,780 170,500 161,280

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