Apple Reportedly Acquired Hebrew AI Startup Real Face
The world’s tech giants are making big moves into the business space. In this post, we’ll take a look at some of the biggest acquisitions or launches from companies like Amazon, Apple and Microsoft.
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Apple reportedly acquires Hebrew AI startup RealFace
Apple reportedly acquired Israeli artificial intelligence startup RealFace, a facial recognition technology company. The acquisition is believed to have been made for an undisclosed amount and it’s believed that Apple will use the technology in its Face ID feature.
RealFace has raised $6 million in funding from investors including Intel Capital, Genesis Partners and Giza Venture Capital. Their technology is used to identify people in photos and videos; this could be used by Apple as part of their new “FaceID” facial recognition feature on iPhone Xs models or even other products like AR glasses or virtual reality headsets.
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Science Inc snaps up popular social network app Whisper, replacing three-quarters of staff
Science Inc, a startup incubator founded by ex-Googlers, has snapped up Whisper, a popular social network where people share secrets anonymously. The company was acquired for an undisclosed amount; it had 150 million users at the time of its acquisition.
Whisper isn’t profitable yet but has been profitable since its inception in 2012. The app allows users to post messages about almost anything (it’s not limited to sex or politics), which are then read by other users who can respond as they please—or not at all if they want privacy.
US gives Microsoft the OK to acquire LinkedIn
Microsoft has been given the green light to purchase LinkedIn for $26.2 billion, the largest acquisition in the company’s history.
Microsoft will pay $196 per share for LinkedIn, a 50% premium over its stock price at the time of announcement on Monday morning (April 3). The deal is expected to close in early 2020 and bring together two companies that were created by two different rounds of acquisition: Microsoft acquired Yammer in 2012 for $1.2 billion, while LinkedIn was originally founded as an online professional network with an emphasis on collaboration between members who worked at specific companies across all industries—a long way from today’s data-driven world where algorithms can scan through billions upon billions of profiles looking for insights into human behavior patterns or relationships between individuals or groups within organizations.”
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