WaveOne was a California-based startup specializing in AI-powered video compression technology. Here are some key points about the company:
- Founding and Mission: WaveOne was founded in 2016 by Lubomir Bourdev and Oren Rippel, who aimed to revolutionize video compression using machine learning and deep learning techniques[1].
- Technology: The company’s main innovation was a “content-aware” video compression and decompression algorithm. This technology could prioritize important elements in a video, such as faces, while deprioritizing less critical elements like backgrounds. It was designed to be hardware-agnostic and could significantly reduce video file sizes while maintaining quality[1][2].
- Acquisition by Apple: In March 2023, Apple acquired WaveOne to enhance its video streaming capabilities. The acquisition was part of Apple’s strategy to integrate advanced AI technologies into its products[1][2].
References
[1] Apple acquired a startup using AI to compress videos
[2] Apple acquires AI-powered video compression startup WaveOne
WaveOne AI-powered video compression technology