Google acquires Bangalore-based artificial intelligence firm Halli Labs - News Summed Up

Google acquires Bangalore-based artificial intelligence firm Halli Labs


Well, what better place than Google to help us achieve this goal,” the company said in a blog.“We will be joining Google’s Next Billion Users team to help get more technology and information into more people’s hands around the world. We couldn’t be more excited!” it added.Before Stayzilla, Gupta was incharge of running recommendation and personalization at Twitter. He could not be reached immediately for a comment.A Google spokesperson said, “We are excited that the Halli Labs team is joining Google. They’ll be joining our team that is focused on building products that are designed for the next billion users coming online, particularly in India.”According to research by CB Insights, 34 artificial intelligence startups have been acquired in the first quarter of this year, which is double the number compared to the year-ago period. It acquired predictive analytics platform Kaggle in the first quarter of this year.Even though India has become the third largest market for start-ups, acquisitions by global technology companies have been few.Some of the notable ones include ZipDial which was acquired by Twitter in January 2015 and LittleEyeLabs that was snapped up by Facebook in January 2014.


Source: Economic Times July 12, 2017 14:37 UTC



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