Big companies like Google, IBM, Yahoo, Intel, Apple, and Salesforce are reportedly competing to acquire private Artificial Intelligence (AI) start-ups
Big companies like Google, IBM, Yahoo, Intel, Apple, and Salesforce are reportedly competing to acquire private Artificial Intelligence (AI) start-ups.
As CBS Insights, a venture capital database, wrote in their report, over 250 private companies using AI algorithms across different verticals have been acquired since 2012, with 37 acquisitions taking place in Q1`17 alone.
“Baidu has been particularly aggressive in its AI acquisitions in 2017, with 3 M&A deals so far this year, including its acquisition of Amazon Alexa Fund-backed Kitt.ai this quarter.”, as CBInsights wrote.
Google is the most active acquirer of AI start-ups, as CBC Insights noted. The company realized 12 acquisitions under its belt since 2012, while picking up deep learning and neural network start-up DNNresearch from the computer science department at the University of Toronto in 2013, according to the research paper.
Apple comes at second place with a total of 8 acquisitions. It has reportedly acquired California-based Lattice Data for $200 million and Tel Aviv-based RealFace valued at $2 million, as the article added.
Intel, Microsoft, and Facebook are taking the third place. Intel acquired Itseez, Nervana Systems, and Movidius in 2016, while Facebook acquired Belarus-based Masquerade Technologies and Switzerland-based Zurich Eye. Microsoft acquired Genee and conversational AI start-up Maluuba, as the research made clear.
Future will show how and which AI projects will turn into commercial services offered to customers around the world.