has reportedly acquired Vilynx, an artificial-intelligence firm primarily based in Spain, according to Bloomberg. The report, which cites a number of unnamed sources, mentioned that Apple scooped up Vilynx earlier this 12 months and will use the corporate’s AI and computer-vision applied sciences to research video content material and enhance the way in which Apple employs synthetic intelligence in its apps. Apple instructed Bloomberg in a press release that it “buys smaller expertise firms on occasion and we typically don’t focus on our function or plans,” in keeping with the report. Bloomberg cited the deal value at about $50 million, citing its sources. Apple shares ended Tuesday’s session up 1.4%. The inventory has risen 23% over the previous three months because the Dow Jones Industrial Common
has gained 3.3%.