Mergers & Acquisitions


SoftBank Acquires Boston Dynamics and Schaft

IEEE Spectrum Robotics Channel

As Google's robotics group (eventually absorbed by Alphabet's advance tech division X) continued to not produce all that much and began slowly losing talent, the rumors were that Boston Dynamics in particular was looking for a new owner, and they've found one, in SoftBank. Here's the press release, which sadly will not tell you all that much more than our headline: SoftBank Group Corp. today announced a subsidiary of SoftBank has entered into a definitive agreement to acquire robotics pioneer Boston Dynamics from Alphabet Inc. Marc Raibert, CEO and founder of Boston Dynamics, said, "We at Boston Dynamics are excited to be part of SoftBank's bold vision and its position creating the next technology revolution, and we share SoftBank's belief that advances in technology should be for the benefit of humanity. As part of the transaction with Alphabet, SoftBank has also agreed to acquire Japanese bipedal robotics company Schaft.


Spotify Has Acquired Machine-Learning Startup Niland

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While Spotify may still be having a difficult time achieving profitability, the company has the money to continue buying essentially whatever it wants, as the financing and fundraising never seems to stop. In 2016 alone, the powerhouse collected $1 billion in debt financing and another half a billion in a convertible note, and that is to say nothing of the untold millions that weren't revealed in fundraising rounds and the actual revenue brought in by the company on its own.


Infographic: Google Leads the Race for AI Domination

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One of the main talking points at this year's conference will likely be artificial intelligence. Google has been slowly injecting AI into many of its products and services and the company's CEO Sundar Pichai has sounded very bullish on the prospects of artificial intelligence in recent public appearances. According to numbers compiled by CB Insights, the company acquired 11 artificial intelligence startups since 2012, more than any other company. This chart shows how many artificial intelligence startups selected tech companies have acquired since 2012.


ServiceNow taps AI to automate everyday workflows

PCWorld

The machine-learning capabilities will be brought into ServiceNow's cloud services for security, customer service, and HR. The Intelligent Automation Engine's algorithms are based on technology the company acquired through its purchase of DxContinuum in January. ServiceNow's new machine-learning capabilities center around the following areas: The predictive intelligence capability will be brought into the company's IT Service Managment offering first, and be incorporated into the fourth-quarter release of the Now Platform, code-named Kingston. In addition to DxContinuum, ServiceNow has acquired other companies over the past year, including IT security firm BrightPoint Security as well as cloud-management company ITapp.


EagleView Accelerates Machine Learning Development with Acquisition of OmniEarth

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Leading provider of aerial imagery and data analytics expands data extraction capabilities for local government, insurance and infrastructure sectors. Bothell, WA (April 26, 2017) – EagleView, the leading provider of aerial imagery and data analytics for government and commercial industries, is proud to announce the acquisition of OmniEarth, developer of machine learning technologies and decision-making tools for the water resource management, energy and insurance markets. OmniEarth's ability to extract data from geospatial imagery will enhance EagleView's property reports and Pictometry imagery classification of land areas such as impervious surfaces or irrigated farmland. For further information about the acquisition, please contact Melissa Mazurek at melissa.mazurek@eagleview.com EagleView is the unparalleled provider of aerial imagery, data analytics, property data and GIS solutions for government, infrastructure and commercial sectors.


Expert predicts date when 'sexier and funnier' humans will merge with AI machines

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Humans and Artificial Intelligence (AI) will merge in an event known as'the singularity' by 2045, a Google executive has predicted. Super human cyborgs with nanobot implants in their brains will be funnier, sexier and smarter than humans today, according to futurist Ray Kurzweil, Futurism reports. "That leads to computers having human intelligence, our putting them inside our brains, connecting them to the cloud, expanding who we are. And Boston Dynamics has just revealed a'nightmare-inducing' new robot called Handle.


Intel races ahead in autonomous cars with $15.3 billion Mobileye buy

PCWorld

Intel has shifted its self-driving car efforts into high gear with a $15.3 billion deal to acquire computer vision and collision-avoidance company MobileEye. Mobileye fills that gap, and now the challenge will be to combine Mobileye's technologies with Intel's current product offerings. Intel has already acquired a handful of companies developing self-driving car technologies and last year said it would invest US$250 million over the next two years to develop autonomous cars. The combined Intel-Mobileye organization will support both companies' existing production programs and build on relationships with automotive manufacturers, suppliers and semiconductor partners to advanced driving assist, highly autonomous and fully autonomous driving technology, Intel said.


Intel to acquire self-driving firm Mobileye for $15 billion

Boston Herald

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. Intel says the deal will help accelerate innovation in the self-driving vehicle market, forecast to reach $70 billion by 2030. However, Intel is part of a crowded field of tech companies and automakers seeking to get their autonomous vehicles and self-driving systems on the road.


Intel to acquire self-driving firm Mobileye for $15 billion

USATODAY

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. Intel says the deal will help accelerate innovation in the self-driving vehicle market, forecast to reach $70 billion by 2030. However, Intel is part of a crowded field of tech companies and automakers seeking to get their autonomous vehicles and self-driving systems on the road.


Element AI acquires MLDB.ai open source machine learning database

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The company will continue to be developed as an open-source project and leverage Element AI's resources. "We know a good thing when we see it," said Element AI CEO Jean-François Gagné. MLDB.ai with their proven track record of success and innovation in the machine learning space is a natural fit for Element AI. Element AI launched in November 2016 by Gagné, who founded and exited two companies in AI and operations research; Nicolas Chapados, a co-founder of ApSTAT Technologies; and Yoshua Bengio, a pioneer of deep learning technology.