Flipkart to create Alexa's nemesis? It just bought an AI firm that converts speech to text

Walmart-backed Flipkart has just issued a challenge to Amazon's Alexa and Google Assistant. The home-grown e-commerce giant today announced that it has acquired Bengaluru-based artificial intelligence (AI) startup Liv.ai, which has developed a platform that converts speech-to-text in nine regional languages apart from English. With this move, the e-tailer hopes to soon offer an end-to-end conversational shopping experience for its users. "Given the complexities in typing on vernacular keyboards, voice will become a preferred interface for new shoppers. One does understand that building a voice interface is complex, and is especially challenging in Indian context given multiple languages and accents," Flipkart CEO Kalyan Krishnamurthy said in a statement.