Wednesday, February 24, 2016

Microsoft Is acquiring London’s AI-driven SwiftKey For $250M



Microsoft is known to be obtaining London-primarily based SwiftKey, the startup which hired artificial intelligence to create a floor-breaking predictive smartphone keyboard, according to assets. The monetary instances is reporting that the deal is “around $250m”. TechCrunch is aware the determine is just beneath that amount. update: Investor resources say the deal, which is all-cash, is definitely going via and may be introduced imminently.

update 2: It’s showed.

The corporations are understood to have been in talks for some of months. workforce had been told earlier these days about the deal. SwiftKey declined to comment.

SwiftKey raised a complete of $21.59 million from Octopus Ventures and Index Ventures, while united kingdom movie star Stephen Fry turned into an early angel investor.

SwiftKey’s keyboard and SDK is now on extra than 300 million Android and iOS smartphones. And while its technology is highly time-saving for users, the AI-powered platform may want to have some distance extra uses for Microsoft than just keyboards. The predictive engine in the back of that keyboard can be placed to many greater uses.

moreover, by using obtaining SwiftKey’s staf, and founders Dr. Ben Medlock (CTO) and Jon Reynolds (CEO), they may be getting a kick-ass crew that is so at the vanguard of AI that even Professor Stephen Hawking has praised their work after they worked on a assignment to beautify the verbal exchange system utilized by the world-renowned scientist.

No comments:

Post a Comment