Apple Artificial Intelligence to Classify Photos on Smartphones

Apple Acquires Perceptio, An Artificial Intelligence Startup

Apple confirmed today to Bloomberg that it has acquired deep learning company Perceptio, which uses artificial intelligence to classify photos on smartphones.

According to an October 2014 article on Re/code, Perceptio’s technology enables phones to do advanced calculations without storing user data in the cloud. Its founders, Nicolas Pinto and Zak Stone also created a photo sharing app calledSmoothie.

Pinto’s Twitter bio says he is a research scientist and computer science lecturer at MIT and Harvard, while Stone holds a PhD in computer vision from Harvard.

Apple spokesman Colin Johnson told Bloomberg that “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”    NCO eCommerce 5.10. 2015

The global Internet of Things market will grow to $1.7 trillion in 2020 from $656 billion last year.

Research firm IDC says, as more devices come online and a bevy of platforms and services grow up around them.

The Internet of Things is predicted to grow to $1.7 trillion by 2020. Here are 3 stocks to buy to get in on the coming IoT boom. IDC released a report in June 2015 predicting that the Internet of Things market will reach $1.7 trillion by the year 2020, growing from $656 billion last year. IoT endpoints — the various personal and household devices and hardware connected to the Internet — are expected to reach nearly 30 million in the next five years, up from 10 million in 2014.    NCO eCommerce 16.9. 2015.

 

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