Baidu is furthering its push into artificial intelligence after it announced the acquisition of Raven Tech, a Chinese startup that developed an AI voice assistant platform. Baidu confirmed it has bought the startup’s tech, product and staff of 60. The deal comes a month after Baidu hired noted AI expert Qi Lu, formerly with Microsoft, [...]

Mobile advertising company Smaato is set to become the latest technology startup to be acquired by Chinese investors, after the San Francisco firm announced that Beijing-based Spearhead Integrated Marketing Communication Group, an offline marketing organization, has agreed to buy it for $148 million. Founded in 2005, Smaato is a real-time advertising exchange for mobile sites and app developers. It [...]

United Luck Consortium has purchased Outfit7, the maker of the wildly popular Talking Tom mobile app, for $1 billion. The buyer is not actually the previously rumored acquirer, Chinese chemical firm Zhejiang Jinke Entertainment Culture. Rather, Outfit7 Investments Ltd. (Outfit7) said in a press release that its shareholders have sold 100 percent of the company to [...]

The South Korean tech giant, Samsung, acquired Viv Labs back in October 2016. The South Korean tech giant, Samsung, again came into the limelight as the company recently disclosed the terms of its acquisition agreement of a virtual assistant startup, dubbed as Viv Labs. As per the conditions of the agreement, Samsung paid approximately [...]