Apple is outspending Google and Meta in its AI startup shopping binge
Apple has long secretly acquired artificial intelligence startups to improve its AI capabilities across its products and services. This trend continued aggressively in 2023with Apple acquiring up to 32 AI businesses last year which used their statistics on a Statist study.
This figure places Apple far ahead of other big tech companies in terms of AI startup acquisitions. As to the research Microsoft trailed with 17 acquisitions Face book’s owner Meta bought 18 and Google acquired 21 AI firms in 2023.
Financial analyst Edith Reads of Stocklytics offered the following analysis of Apple’s acquisition strategy in the ongoing arms race in artificial intelligence. Apple is striking sizable deals with numerous AI startups positioning itself for future technological advancements even as its rivals, Microsoft and Google make significant investments in already established AI companies.
Regarding how it intends to apply the AI knowledge and technology acquired through its acquisition strategy. Apple has been relatively silent thus far. However, the strategy reflects a multifaceted effort to improve Apple’s AI capabilities through personnel acquisition technological integration and intellectual property expansion.
Voices, Wave One, Emotion, Leaderlike and more AI startups have been purchased by Apple in recent years. Voices specialized on natural language-understanding voice assistants. It’s possible that this technique advanced Apple’s Siri virtual assistant .
