KEY POINTS
• Perceptio focuses on image classification system for smartphones
• Apple spent $178 billion in research and acquisitions
Continuing its acquisition spree, Apple this time has bought Perceptio. Its an artificial intelligence start up that works on ideas that could be integrated into future iPhones. Perceptio’s technology focuses on creating image classification systems for smartphones. This means the technology will help Apple users to more easily organise and store photos on their iphones. Apple has been conducting a string of acquisitions recently as it spends more than 178 billion US dollars on research and acquisitions.
