Apple acquires AI startup that makes video more searchable

Reported by Bloomberg, Apple has acquired Vilynx Inc., a startup specializing in artificial intelligence and computer vision technology that enables video to become searchable. The Cupertino, California-based technology giant acquired Barcelona-based Vilynx Inc. earlier this year, according to people familiar with the deal. Vilynx developed technology that uses AI to analyze a video's visual, audio and text content to understand what the video shows. It used that technology to create tags for the video, making it searchable. According to the report, Apple acquired the company for around $50 million.