Apple has acquired XNOR.ai for $200 million, reports GeekWire. This is a loss for the video surveillance industry.
XNOR.ai stunned the industry in 2019 when XNOR ran AI on Wyze's $20 camera that beat Axis and Hikvision professional camera manufacturer analytics.
However, just as quickly, XNOR.ai has been purchased by Apple and is almost certainly lost to the industry. On the other hand, it makes sense for XNOR.ai as they were challenged to find the right independent business model.