Apple Inc. has acquired Israeli artificial intelligence start-up Q.AI, the Financial Times reported on Thursday, citing the tech giant’s senior vice president of hardware technologies, Johny Srouji.
People familiar with the matter told the outlet that the deal values Q.AI, which develops technology to analyze facial expressions and understand their meaning, at almost $2 billion. Meanwhile, Srouji called the start-up a “remarkable company that is pioneering new and creative ways to use imaging and machine learning.”