Over 200 private AI-based companies have been acquired since 2012 and Google leads the acquisitions with 12, way ahead of Apple, Facebook and Microsoft, its stiffest competitors.
Google’s parent company, Alphabet Inc., has aggressively been investing in acquiring AI start-ups. Moreover, its quarterly earnings report this year noted that it spent nearly $1 billion on ‘other bets’.
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Priya Singh leads the editorial team at AIM and comes with over six years of working experience as a journalist across broadcast and digital platforms. She loves technology and an avid follower of business and startup news. She is also a self-proclaimed baker and a crazy animal lover.