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The Race For AI: Google, Twitter, Intel, Apple In A Rush To Grab Artificial Intelligence Startups

#artificialintelligence

Nearly 140 private companies working to advance artificial intelligence technologies have been acquired since 2011, with over 40 acquisitions taking place in 2016 alone (as of 10/7/2016). Corporate giants like Google, IBM, Yahoo, Intel, Apple and Salesforce, are competing in the race to acquire private AI companies, with Samsung emerging as a new entrant this month with its acquisition of startup Viv Labs, which is developing a Siri-like AI assistant. Google has been the most prominent global player, with 11 acquisitions in the category under its belt (follow all of Google's M&A activity here through our real-time Google acquisitions tracker). In 2013, the corporate giant picked up deep learning and neural network startup DNNresearch from the computer science department at the University of Toronto. This acquisition reportedly helped Google make major upgrades to its image search feature.


The Race For AI: Google, Twitter, Intel, Apple In A Rush To Grab Artificial Intelligence Startups

#artificialintelligence

Corporate giants like Google, IBM, Yahoo, Intel, Apple and Salesforce are competing in the race to acquire private AI companies, with Ford, Samsung, GE, and Uber emerging as new entrants. Over 200 private companies using AI algorithms across different verticals have been acquired since 2012, with over 30 acquisitions taking place in Q1'17 alone (as of 3/24/17). This quarter also saw one of the largest M&A deals: Ford's acquisition of Argo AI for $1B. In 2013, Google picked up deep learning and neural network startup DNNresearch from the computer science department at the University of Toronto. This acquisition reportedly helped Google make major upgrades to its image search feature.


The Race For AI: Google, Twitter, Intel, Apple In A Rush To Grab Artificial Intelligence Startups

#artificialintelligence

Corporate giants like Google, IBM, Yahoo, Intel, Apple and Salesforce are competing in the race to acquire private AI companies, with Ford, Samsung, GE, and Uber emerging as new entrants. Over 200 private companies using AI algorithms across different verticals have been acquired since 2012, with over 30 acquisitions taking place in Q1'17 alone (as of 3/24/17). This quarter also saw one of the largest M&A deals: Ford's acquisition of Argo AI for $1B. In 2013, Google picked up deep learning and neural network startup DNNresearch from the computer science department at the University of Toronto. This acquisition reportedly helped Google make major upgrades to its image search feature.



The Race For AI: Google, Baidu, Intel, Apple In A Rush To Grab Artificial Intelligence Startups

#artificialintelligence

Around 47% of the AI companies acquired since 2012 have had VC backing. Corporate giants like Google, IBM, Yahoo, Intel, Apple, and Salesforce are competing in the race to acquire private AI companies, with Ford, Samsung, GE, and Uber emerging as new entrants. Over 250 private companies using AI algorithms across different verticals have been acquired since 2012, with 37 acquisitions taking place in Q1'17 alone. That quarter also saw one of the largest M&A deals: Ford's acquisition of Argo AI for $1B. Baidu has been particularly aggressive in its AI acquisitions in 2017, with 3 M&A deals so far this year, including its acquisition of Amazon Alexa Fund-backed Kitt.ai this quarter.