Apple has acquired the artificial-intelligence startup Xnor.ai for $200 Million

Apple just can’t get enough of AI startups, it seems.

The tech giant has reportedly purchased a little-known artificial-intelligence company for about $200 million. According to GeekWire, the acquired company is a Seattle-based startup called Xnor.ai, which specializes in low-power, edge-based artificial-intelligence tools.

Apple and Xnor.ai did not immediately respond to requests for comment from Business Insider.

Despite its acquisition by Apple, Xnor.ai owes its existence to Microsoft — sort of. That’s because it’s an alumnus of AI2, an incubator for AI startups funded by the Microsoft cofounder Paul Allen’s Institute for Artificial Intelligence.

Though it’s not yet clear exactly how Xnor.ai’s products will be used by Apple, the startup is also thought to specialize in image-recognition software.