By news@appleinsider.com (Amber Neely) WaveOne, a California-based startup that has been developing algorithms for compressing videos, has confirmed that it has been purchased by Apple.Credit: Laurenz Heymann/UnsplashFounded in 2016, WaveOne sought to use machine learning for video compression. By employing artificial intelligence, WaveOne could create “content-aware” video compression and decompression that prioritized faces and text, and deprioritized background information like grass or trees. …

Source:: Apple Insider