According to a Bloomberg report, Apple (AAPL) has acquired DarwinAI, a Canadian artificial intelligence startup. This acquisition comes as Apple has reportedly scrapped its plans for an Apple-branded car, instead investing more resources into integrating AI capabilities into its smartphone offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith...

Apple has bought artificial intelligence (AI) startup DarwinAI and added dozens of the Canadian company's staffers to its AI division, Bloomberg News reported on Thursday. Apple has been slower in rolling out generative AI, which can generate human-like responses to written prompts, than rivals such as Microsoft and Alphabet's Google , which are weaving them into products. Alexander Wong, an AI researcher at the University of Waterloo who helped build DarwinAI's business, has joined Apple as a director in its AI group as part of the deal, the report added...

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