According to Stocklytics.com, Apple achieved a significant milestone in 2023 by acquiring 32 AI startups, marking a new record in the industry and surpassing all other major tech companies in this endeavor.
In the overall AI startup acquisition, Google trails Apple with 21, Meta with 18, and Microsoft lags with 17.
Stocklytics financial analyst Edith Reads commented on the data:
“In the ongoing AI arms race, Apple is making sizeable deals with many AI startups, putting it in a good spot for future tech developments even as its competitors, Microsoft and Google, make considerable investments in already established AI companies.
“By acquiring promising AI startups, Apple gains access to top-tier talent and innovative technologies and consolidates its foothold in crucial AI domains, ensuring a competitive edge in the rapidly evolving tech landscape.
“The iPhone Maker has been quite subtle in increasing its AI capabilities. It has yet to unveil its plans with the newly found insight into AI technology. Still, the CEO, Tim Cook, remarked on how the company is directing its energy into research on AI but nothing to hold onto in terms of new developments.”
The full story and staistics can be found here: Apple Sets New Record: Acquires 32 AI Startups in 2023, the Highest Among Major-Tech Companies