Cisco to acquire AI startup MindMeld for $125 million

Cisco today announced plans to acquire AI startup MindMeld for $125 million. Cisco decided to acquire MindMeld, a company that's been called "Siri on steroids," because many bot experiences today are disappointing, IoT and applications VP Rowan Trollope wrote in a blog post today. "Bringing the MindMeld team to Cisco is a giant leap forward in helping our customers experience the next generation of interactive, conversational interfaces." Cisco collaboration software competition includes other enterprise chat players including Microsoft Teams, Google Hangouts Chat, and Slack.