Apple buys Seattle-based artificial intelligence company Xnor.ai

Apple acquired Seattle-based artificial intelligence company Xnor.ai, The company, founded in 2016, had raised millions of dollars to build tools that help AI algorithms run on devices rather than remote data centers. In recent years, Apple has pushed to run this type of software on its devices to keep user information more private and speed up processing. The company paid about $200 million for Xnor.ai, according to GeekWire, which reported the deal earlier. Apple didn't comment on the price, but said that it buys "smaller technology companies from time to time" and generally does not discuss its plans.