SAN FRANCISCO: A total of 34 artificial intelligence (AI) start-ups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.
Tech giants seeking to reinforce their leads in AI or make up for lost ground have been the most aggressive buyers. Alphabet Inc’s Google has acquired 11 AI start-ups since 2012, the most of any firm, followed by Apple Inc, Facebook Inc and Intel Corp, respectively, according to CB Insights.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
