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Screenshot: Xnor.ai

Apple confirmed to Axios it has purchased Xnor.ai, a Seattle-based startup that specializes in putting artificial intelligence on devices rather than via centralized servers.

Why it matters: Doing AI work on devices is a key trend, especially for Apple, as it makes it easier to offer privacy protections. Apple, for example, does all of its automated tagging and categorization of photos on its devices.

What they're saying: "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans," the company told Axios, offering the tell-tale statement it gives when it makes an acquisition.

Seattle-based tech site GeekWire first reported the deal earlier Wednesday, pegging the purchase price at $200 million.

Go deeper:

Go deeper

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

16 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.

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