Apple has quietly acquired a Mountain View-based startup, WaveOne, that was developing AI algorithms for compressing video.
Apple wouldn’t confirm the sale when asked for comment. But WaveOne’s website was shut down around January, and several former employees, including one of WaveOne’s co-founders, now work within Apple’s various machine learning groups.
In a LinkedIn post published a month ago, the company’s former head of sales and business development, Bob Stankosh, announced the sale publicly.
“After almost two years at WaveOne, last week we finalized the sale of the company to Apple,” Stankosh Read Entire Article
