Acquisition spree in 2016

Earlier in this series, we learned how AI (artificial intelligence) is set to change the IT (information technology) environment, and tech players such as IBM (IBM) are leaving no stone unturned to empower themselves in the AI space.

A Look at the Artificial Intelligence Acquisition Spree in 2016

As shown in the above chart, more than 40 companies working or related to AI technologies have been acquired so far in 2016. As leading technology players make acquisitions in the AI space, it will gain visibility and spending will be enhanced.

Alphabet acquired the most AI companies

Alphabet (GOOG) topped the acquirer list with 11 acquisitions in the AI space in 2016. Oracle, Yahoo, Intel (INTC), Apple (AAPL), and Salesforce are also competing in the acquisition of AI companies. The AI space is also on Microsoft’s (MSFT) radar, which is evident from its recent acquisitions of Genee and SwiftKey.

2016 also saw Salesforce (CRM) announce the launch of “Salesforce Einstein,” an AI platform. Salesforce claims it is “the world’s first comprehensive artificial intelligence platform for CRM.[1.customer relationship management]” Salesforce Einstein is the result of companies’ various acquisitions in the AI/ML (machine learning) space. MetaMind and PredictionIO were two acquisitions Salesforce announced in the AI space.

To empower AWS (Amazon Web Services), Amazon (AMZN) recently announced three new AI (artificial intelligence) services—Amazon Lex, Amazon Polly, and Amazon Rekognition—for its cloud users.

Latest articles

23 May

Trade War Subdues Manufacturing PMIs around the World

WRITTEN BY Mayur Sontakke, CFA, FRM

Today, IHS Markit published its purchasing managers' indexes or PMIs for May countries around the world.

Best Buy (BBY) reported better-than-expected earnings for the first quarter of fiscal 2020, which ended on May 4.

23 May

Why Apple Stock Is Down 2.7% Today

WRITTEN BY John Parker

On May 23 at 12:46 PM EDT, Apple (AAPL) was trading at $179.12 with a 2.0% loss for the day.

The CBOE Volatility Index has been sitting at very low levels for most of 2019.

23 May

Cannabis Stocks Fell Due to Trade Fears

WRITTEN BY Adam Jones

On May 23, CannTrust (CTST) was trading nearly 4.1% lower, while Cronos Group (CRON) fell 3.3%.

US equity markets are in the red today amid the escalation in the US-China trade war.

172.31.38.64