Apple dives deeper into Artificial Intelligence with Tuplejump purchase

Apple dives deeper into Artificial Intelligence with Tuplejump purchase

While iPhone purchases have increased in India, globally Apple is struggling with slowing sales.Apple quietly acquired a little-known Hyderabad-based startup a few months ago for an undisclosed amount and while little is known about what Tuplejump does, the word is that this is part of the Cupertino-based giant’s exploration into artificial intelligence.Known in the trade as an acqui-hire, nearly all of Tuplejump’s 16 employees are in the process of becoming Apple staffers. A back-of-the-envelope calculation by an expert put the valuation at about $20 million (Rs 27 crore).”When there is a talent hire, the cost of hiring is usually calculated based on the last few years’ salary,” the expert said. “So, for a 16-member team, I think it would probably come up to around $4 million a year – making…


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