Apple acquired a startup using AI to compress videos

Apple has quietly acquired a Mountain View-based startup, WaveOne, that was developing AI algorithms for compressing video. Apple wouldn’t confirm the sale when asked for comment. But WaveOne’s website was shut down around January, and several former employees, including one of WaveOne’s co-founders, now work within Apple’s various machine learning groups. In a LinkedIn post…

Apple acquired a startup using AI to compress videos

Apple has quietly acquired a Mountain View-based startup, WaveOne, that was developing AI algorithms for compressing video. Apple wouldn’t confirm the sale when asked for comment. But WaveOne’s website was shut down around January, and several former employees, including one of WaveOne’s co-founders, now work within Apple’s various machine learning groups. In a LinkedIn post…

First Citizens acquires failed Silicon Valley Bank

First Citizens has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood to thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion to…

First Citizens to acquire failed Silicon Valley Bank

First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion…