From Bloomberg's "Apple Buys Machine-Learning Startup to Improve Data Used in Siri" posted Wednesday.

Apple makes small, strategic purchases. It does not swallow whole magic kingdoms in one gulp.
Toward a new theory of antitrust...
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This new chip, he says, could save Apple $2B per year in Qualcomm royalty fees.
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For $1 billion: 2,000 employees plus equipment, leases and a ton of IP.
Read More Press release: Apple buys Intel's smartphone modem division
From a note to Loup Ventures subscribers posted Wednesday.
Read More Gene Munster: What Apple's acquisition of Drive.ai means
Apple's cash has been burning a hole in Wall Street's pocket for as long as I can remember.
Read More WSJ: Why Apple dropped plans to buy Intel's modem biz
As Cramer tells it, a 75-year-old female billionaire must be in want of a bag.
Read More Apple: Healthcare systems billionaire shrugs off Jim Cramer's 'no brainer'

What it did buy is the technology—and the talent—behind Hello Barbie.
Analyst Daniel Ives mentions Sony, Lion's Gate, A24, CBS-Viacom and, of course, Netflix.
Read More Wedbush: Apple will buy a large film studio in 2019 (video)
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