A wall display in the Google store in the Soho neighborhood of New York on Oct. 20, 2016. In a lawsuit claiming Google rakes in billions of dollars from fraudulent clicks, a business owner claims the hits on two nonsensical ads he created show that click fraud is rampant on Google ads. (Richard B. Levine/Sipa USA/TNS)
SAN FRANCISCO: A total of 34 artificial intelligence startups 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 artificial intelligence or make up for lost ground have been the most aggressive buyers. Alphabet Inc's Google has acquired 11 AI startups since 2012, the most of any firm, followed by Apple Inc, Facebook Inc and Intel Corp, respectively, according to CB Insights.
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