Mergers & Acquisitions


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.


Google, Apple, Facebook, and Intel Battle for AI Supremacy

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DeepMind's specific focus on improvements in general AI research has helped Google apply the research to its business process to beef up its AI capabilities. To that point, the tech behemoth acquired three companies specialized in image recognition; DNNResearch which is focused on deep learning, image search, and facial recognition; Moodstocks which is specialized in image recognition for smartphones; Vision Factory which is used for improving accuracy and speed in object and text recognition. "Wit.ai has built an incredible yet simple natural language processing API that has helped developers turn speech and text into actionable data," Facebook told TechCrunch. Additionally, Intel acquired 3 startups in 2016 alone: Itseez specialized in software for the Internet of Things (IoT), cameras, drones, and autonomous driving; Movidius focused on computer vision hardware for drones and cameras, and Nervana Systems marked the most significant of Intel's acquisitions and was acquired for reducing machine learning to a level that could reside on a processor.


News Highlights : Top Company News of the Day

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Baidu says it will share software technology it is developing for self-driving cars in a bid to catch up with competitors including General Motors and Waymo, the self-driving unit of Google-parent Alphabet Inc. Fox News is preparing to cut ties with its biggest star, Bill O'Reilly, according to people close to the situation. The New York attorney general's office said it reached a $40 million settlement with an Alabama investment firm over the failure of members of an investment management company it sponsored to pay millions in New York state taxes. A consortium of investors including private-equity firm KKR and Australian bank Macquarie Group made an all-cash offer to buy Australian wagering firm Tatts Group, which already agreed to merge with rival Tabcorp Holdings. International Business Machines reported a 13% drop in quarterly earnings and narrower profit margins across its business units, including divisions that manage the cloud computing and Watson artificial intelligence operations.


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.