Apple Inc. is working on a chip dedicated explicitly to artificial intelligence company tries to keep pace with Google Inc. and Amazon.com Inc.
The processor is known internally as the Apple Neural Engine, according to a Friday report from Bloomberg. The company hopes the chip will improve the way Apple (Nasdaq: AAPL) devices handle tasks such as facial and speech recognition.
“Two of the areas that Apple is betting its future on require AI," Gene Munster, former Apple analyst and co-founder…
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