- “Peloton has bought up three companies that will now give it expertise in wearable devices, artificial intelligence (AI), digital voice assistants, and interactive workout mats, Bloomberg reported.
- The deals could also help Peloton debut its own digital voice assistant, with the engineers joining the company focused on AI and computer vision technology.
- “What’s clear is the shift into the home is not a COVID-led phenomenon,” Foley said at the time. “It has accelerated it. There’s a secular shift into business in the home. It’s a better experience and a better place at a better value, and consumers are all seeing that.”
- “In 5 years, Apple has purchased 25 AI corporations, whereas Google has purchased 14.
- When contemplating the info from Apple, Google, Microsoft, and Fb mixed, greater than 60 of AI corporations have been acquired between 2016 and 2020.”
- “In early 2020, news emerged that Facebook had acquired London-based computer vision startup Scape Technologies
- Though this acquisition was actually finalized in December 2019, it wasn’t until February that Facebook confirmed it had quietly bought London-based deep learning research startup Atlas ML.
- In November, Facebook confirmed it was buying New York-based customer relationship management (CRM) platform Kustomer in a deal thought to be worth $1 billion.”
The following are the deal highlights:
- “Price: $40B, NVIDIA stock and cash
- Accretion: immediately accretive to NVIDIA non-GAAP gross margin and EPS
- Cambridge investments: Create “world-class” AI research and education center for healthcare, life sciences, robotics, and self-driving cars. Also, build an Arm/NVIDIA-based AI supercomputer for research
- Softbank ownership: Will keep 10% stake in new entity”
“Reportedly, the move will help Flipkart to deliver real-time pricing and product analytics to its seller partners. According to an ET report, industry insiders have hinted that Flipkart bought the retail intelligence startup for around $30-40 million.
Upstream Commerce offers a suite of products related to predictive price optimization, pricing intelligence, lifecycle intelligence among others. In December 2016, Israeli startup which registered a 385 percent growth rate over the last three years, was also named Deloitte Technology Fast 500 EMEA list, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in Europe, the Middle East and Africa. The startup was backed by YL Ventures.”