AI is the future of technology and Google is aware of that. As a result, the company is racing against other tech giants to acquire Artificial Intelligence startups.
Google, Intel, Apple and other tech corporations are all in a rush to grab high-potential AI startups. The trend began back in 2012, and skyrocketed starting with 2016.
CB Insights reports that corporate giants acquired 30 private companies using AI algorithms and software in the first quarter of 2017.
Google’s interest in AI has increased exponentially
As a quick reminder, Google acquired deep learning and neural network startup DNNresearch in 2013. The AI technology developed by this small company helped Google to upgrade its image search service.
One year later, the tech giant acquired DeepMind Technologies. Google uses the algorithms developed by this small company for its DeepMind Program. AlphaGo, the AI computer that recently defeated the world’s best Go players, relies on the technology initially developed by DeepMind Technologies.
Google’s latest AI startup acquisition is the predictive analytics platform Kaggle.
The platform uses machine learning for predictive modeling tasks. Kaggle now operates as a distinct brand within Google Cloud, but remains open to all data scientists, companies, and technologies.
As Kaggle’s CEO states, the project now “combines the world’s largest data science community with the world’s most powerful machine learning cloud.”
What’s next on Google’s AI agenda?
We’re sure that Google will continue to acquire more AI startups that bring innovative and valuable ideas to the table. The tech giant is currently the most active AI startup acquirer in the world.
Most likely, the company will focus on data-analysis software driven by AI algorithms for its upcoming acquisitions.
If you’ve got an interesting idea related to the AI field, but you somehow feel overshadowed by Google, check out the video below. Fei-Fei Li, Chief Scientist of AI & Machine Learning at Google Cloud, tells you how AI startups can complete with the tech giant.
Join me as I track the latest progress in AI research.
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