Microsoft buys artificial intelligence startup Maluuba

An artificial intelligence firm founded in Waterloo is being acquired by tech giant Microsoft. Maluuba's 50-employee team, including co-founders and former University of Waterloo students Sam Pasupalak and Kaheer Suleman, will become part of Microsoft's Artificial Intelligence and Research organization. Terms of the agreement, which was announced Friday, are not being disclosed. Maluuba has offices in Waterloo and Montreal. In a post announcing the agreement on the official Microsoft blog, Harry Shum, executive vice-president of the Artificial Intelligence and Research Group, said the Maluuba team will be consolidated in Montreal this year.