Apple has recently acquired WaveOne, a Mountain View-based startup that specializes in developing artificial intelligence (AI) algorithms for compressing video. WaveOne’s technology utilizes AI and deep learning to improve video compression and reduce its size without sacrificing quality. The startup was founded in 2016 by Lubomir Bourdev and Oren Rippel with the goal of transforming the antiquated paradigm of video codecs into an AI-powered system.
