Apple recently acquired WaveOne, a California-based startup that was developing AI algorithms for video compression, according to TechCrunch.

Apple did not confirm the acquisition, but former WaveOne executive Bob Stankosh said a “sale of the company to Apple” was finalized earlier this year. In addition, the report notes that WaveOne’s website was taken offline around January and that several of the company’s employees now work at Apple on various machine learning teams.

For more details, read the full story at: https://www.macrumors.com/2023/03/27/apple-reportedly-acquires-waveone/