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Finance News

Apple purchases swedish firm AlgoTrim, snags image, video compression assets for mobile devices

The Apple shopping spree continues. Per Rapidus.se and TechCrunch, Apple has purchased a Swedish firm called AlgoTrim for an undisclosed price. The small company specializes in image and video, specifically JPEG, compression techniques on mobile devices which allow faster processing of images on power-constrained mobile devices. AlgoTrim develops advanced solutions for mobile devices within the […]

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Rumor Software

Rumor: Apple purchased Polar Rose facial recognition company for $29 million

It’s the stuff Apple buys out that makes future technology speculation kind of fun. Per TechCrunch, Apple is rumored to have bought a Swedish company Polar Rose. The company has created technology for facial recognition, which could allow for software and devices to recognize unique users. Though neither party has officially confirmed the purchase, Polar […]