Apple has completed the acquisition of Q.ai, an Israeli artificial intelligence startup based in Tel Aviv. The deal is valued at nearly $2 billion, marking one of the largest purchases in Apple’s history. Q.ai, founded in 2022, specializes in AI technologies relevant to wearable devices.
This acquisition strengthens Apple’s position in the competitive field of AI integration for its product lineup, particularly in enhancing capabilities for wearables. Reuters was the first to report the details of the transaction.
**Why this matters**
The purchase of Q.ai highlights Apple’s commitment to advancing AI technology within its ecosystem, especially in wearable devices like the Apple Watch. By acquiring a company with specialized AI expertise, Apple aims to improve user experience and maintain its competitive edge in the growing market for smart wearables.
Source: News Source