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Apple could be building its own smart speaker

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Tim Cook

Apple is working on its own smart speaker, similar to Amazon's Echo device, The Information's Amir Efrati reports. 

Sources tell Efrati that the company is building a voice-activated device powered through its virtual assistant, Siri, that could let people ask questions or complete activities like setting a timer. 

The market for such home appliances, powered by artificially intelligence-enabled virtual assistants is heating up.

Amazon's Echo has been a surprise hit for the company and Google just announced its own plans last week to make a similar gadget called Home. 

Apple did not immediately respond to a request for comment. 

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