S&P Global acquires AI startup Kensho in $550 million deal ZDNet

S&P Global has announced its intention to acquire Kensho in a deal worth $550 million. On Wednesday, New York-based S&P said that the deal would bolster the firm's portfolio of next-generation technologies. The acquisition agreement has been signed for $550 million in cash and stock. Kensho's goal as a company is to "deploy scalable machine learning and analytics systems across the most critical government and commercial institutions in the world to solve some of the hardest analytical problems of our time." Founded in 2013, the startup, which has no more than 100 employees, has raised a total of $67.5 million in funding.