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Apple has recently acquired WaveOne, a startup that was developing AI algorithms for compressing video. The company’s website was shut down in January and several former employees now work within Apple’s various machine learning groups. WaveOne was founded in 2016 by Lubomir Bourdev and Oren Rippel, with the goal of making video codecs AI-powered. Prior to the acquisition, WaveOne had raised $2.5 million in funding.
