Microsoft buys UK start-up as race for AI hots up

Microsoft has acquired Swiftkey, a London-based artificial intelligence (AI) start-up that makes a predictive keyboard for smartphones, the company announced on Tuesday. The U.S. technology giant paid $250 million for Swiftkey, as the FT first reported. The figure was confirmed by a CNBC source. Swiftkey raised an undisclosed amount of money last year and the buyout represents an exit for investors including Index Ventures and Octopus Ventures. The acquisition is a continuation of Microsoft’s buying spree as it looks to become the dominant player in productivity apps on mobile and desktop. In just over a year, Microsoft has bought email app Acompli, calendar app Sunrise and Wunderlist, an organizational app that lets you create to-do lists. ‘Productivity’, which refers to digital services to help people organize their lives such as…

Link to Full Article: Microsoft buys UK start-up as race for AI hots up

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