Jun 26, 2017

Apple confirms it has bought a small German computer vision company

SensoMotoric Instruments

Apple has quietly bought SensoMotoric Instruments, a German maker of eye-tracking glasses.

The deal was first reported by MacRumors, and Apple essentially confirmed the deal, offering the standard statement it gives when it buys companies. Founded in 1991, SMI does work in mobile eye tracking as well as for augmented and virtual reality, according to its website.

"Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," an Apple representative said in a statement to Axios.

Why it matters: The deal could help Apple with its efforts in augmented and virtual reality. The company is building augmented reality tools for developers into iOS 11, the next version of the iPhone and iPad operating system.

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.