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WaveOne, a California-based startup that has been developing algorithms for compressing videos, has confirmed that it has been purchased by Apple.
Founded in 2016, WaveOne sought to use machine learning for video compression. By employing artificial intelligence, WaveOne could create “content-aware” video compression and decompression that prioritized faces and text, and deprioritized background information like grass or trees.
“After almost 2 years at WaveOne, last week we finalized the sale of the company to Apple. We started our journey at WaveOne, realizing that machine learning/deep learning video technology could potentially change the world,” Stankosh wrote. “Apple saw this potential and took the opportunity to add it to their technology portfolio.”
