Information on Apple’s takeover by startup WaveOne, which is the developer of AI-powered video compression algorithms, was published by TechCrunch.

The first signs indicating the absorption of WaveOne by Apple appeared in early 2023. In particular, the startup website stopped working and WaveOne employees began to indicate Apple’s place of work.

Apple itself does not advertise this deal. However, the completion of the merger with Apple was announced on his LinkedIn page by WaveOne Sales and Business Development Head Bob Stankosh.

We started our journey at WaveOne by realizing that machine learning and deep learning video technology have the potential to radically change the world. Apple saw this potential and took the opportunity to add it to its technology portfolio.

Bob Stankosh

The WaveOne startup was created in 2016. He was engaged in the development of an algorithm for encoding and decoding video. The main “trick” of WaveOne was the algorithm for compressing and decompressing video, taking into account its content.

Recall that Alphabet Corporation, which is the parent company of Google, refuses to further implement the Everyday Robots project. The project, which fell under the reduction, was aimed at developing robots to simplify life at home and in the office.