this post was submitted on 26 Sep 2023
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Apple may be quiet on AI, but it’s also the biggest buyer of AI companies (qz.com)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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cross-posted from [email protected]

  • Apple has been the leading buyer of AI startups since 2017, acquiring 21 companies, nearly double the number purchased by Microsoft and Meta.
  • While other Big Tech companies like Google and Microsoft are vocal about their AI investments, Apple remains relatively quiet, choosing to announce things as they come to market.
  • The startups Apple has acquired focus on areas like self-driving technology, voice design, music generation, and image recognition.
  • This acquisition strategy contrasts with companies like Microsoft and Google, who are more cautious with acquisitions due to antitrust scrutiny and instead opt for partnerships with startups.
  • Apple's AI investments have contributed to new iPhone features such as personal voice and real-time voicemail transcription.
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[–] [email protected] 5 points 1 year ago

I think the current startup scene leads to some pretty perverse incentives, as we’ve seen. However, I agree with you, and something needs to fill the void. A number of these startups have a very hard to no path to profitability but the ideas they come up with and execute on aren’t happening at larger corps.

I think maybe with less of a monopoly/duopoly/etc we can move past the “you have to own the whole market or it’s not worth it”-mindset. That’s one thing I hate so much about SV/startup culture. You’re either a unicorn or you’re a failure, which is total bullshit but when VCs and the like are involved those are the only 2 options.

I have my own side business, it’s small right now but it could grow to support me fully. It will never be a billion dollar idea, it will never “change the world”, but it’s an honest job and over time if I keep growing it I could go full time on it. I wish more people aimed for something like that.

I’ll also get up on my soapbox and talk about how things like UBI, universal healthcare, and similar programs would make this path 10000x easier for people. Having a safety net and not having to pay a second mortgage for healthcare would be nice.