BENGALURU HYDERABAD: Apple's recent acquisition of Indian machine-learning startup Tuplejump offers further evidence of a revival in the interest of global technology giants in the country's startup space, especially in areas such as artificial intelligence, cloud infrastructure and automation. What's appealing about Indian entrepreneurs and their ventures is a combination of talent, technology, traction and transactions, said Ravi Gururaj, Nasscom product council chairman. Major acquisitions in 2016 point to growing demand for technologies that are'hot' right now, including machine learning, cloud infrastructure and automation, experts said. The tech giants are keen on acquiring companies that specialise in machine learning and artificial intelligence, said Thiyagarajan M, head of mergers and acquisitions (M&As) at software product thinktank iSPIRT.
NEW DELHI: Panasonic India is scouting for companies to acquire in 6-9 months to develop artificial intelligence (AI) and Machine learning technologies, which it wants to integrate with its future smartphones to differentiate from rival vendors in the crowded yet fast growing market. The handset vendor has already set aside an initial corpus of 10 million for the development of this technology through a merger and acquisition or a joint venture. "The budget is in tune of 10 million to start with, and as we see progress on this front and things go in right direction, then there will be no constraint on the budget part. We can spend as high as possible. Some part of this budget has been generated from the India business, while some portion has been allocated from Japan," Pankaj Rana, head of mobility division, India, South Asia, Middle East and Africa at Panasonic, told ET. "Our team would be traveling to Silicon Valley soon. We will have new products ready with AI in 9-12 months.