Microsoft acquires AI startup Lobe to help people make deep learning models without code

Microsoft today announced it has acquired Lobe, creator of a platform for building custom deep learning models using a visual interface that requires no code or technical understanding of AI. Lobe, a platform that can understand hand gestures, read handwriting, and hear music, will continue to develop as a standalone service, according to the company's website. Financial terms of the deal were not disclosed. People have only started to utilize the full potential of AI, Microsoft CTO Kevin Scott said today in a blog post announcing the acquisition. "This in large part is because AI development and building deep learning models are slow and complex processes even for experienced data scientists and developers. To date, many people have been at a disadvantage when it comes to accessing AI, and we're committed to changing that," he said.