Dividend Investing | Mergers and Acquisitions | Technology

Microsoft Buys *Another* AI Company

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Screen shot 9/14/2018 www.lobe.ai [3]
Lately, Microsoft has been all over the Artificial Intelligence M&A scene.  Here’s another one they are adding to their bag– acquiring app-builder Lobe, a small start-up based in San Francisco:

“…that focuses on making it easy to train and deploy artificial intelligence

models.” [1]

Terms of the deal weren’t disclosed.

Interesting tidbit:

“Lobe’s CEO, Adam Menges, was previously a machine learning engineer and product manager at Apple.” [1]

Sources:

[1] – https://www.cnbc.com/2018/09/13/microsoft-acquires-lobe-ai-startup.html

[2] – https://seekingalpha.com/news/3390117-microsoft-acquires-ai-startup-lobe

[3] – Screenshot (9/14/2018): https://www.lobe.ai/