Apple Acquires Audio AI Startup Q.AI: What Investors Need To Know

Apple Inc (NASDAQ: AAPL) has purchased Israeli startup Q.ai, a company focused on artificial intelligence for sound processing, according to a report by the Financial Times. Here's what investors need to know.

Apple Makes Biggest Acquisition Since Beats to Change the iPhone

According to sources cited by The Financial Times, Apple is paying close to $2 billion for the company, making it Apple’s second-largest acquisition ever after the $3 billion Beats deal in 2014. Apple confirmed the purchase to Reuters earlier this week.

Apple acquires secretive Q․ai startup for $2 billion

Apple has acquired an Israel-based AI startup called Q.ai, according to a new report from the Financial Times. The