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Microsoft Buys Swift-key The Last Agreement AI-Hungry Silicon Valley

Microsoft

Microsoft bought the company behind SwiftKey, a popular application that uses predictive technology to simplify data entry keyboards phones.

In a blog post Microsoft said Wednesday that the keyboard and the software developer kit SwiftKey is used in more than 300 million iOS and Android devices. SwiftKey Microsoft will continue to develop mobile operating systems.

The greatest ambition, however, is in artificial intelligence, which is based on SwiftKey accurately predict and correct key presses. technology companies such as Microsoft, Facebook Inc.FB -1.68% -3.81% Inc.AMZN Amazon and Google Inc. alphabet Padres are on the lookout for academics and companies working in the field.

Researchers unit Alphabet Deepmind last week as a breakthrough when a program defeated a champion game GB. Inc.AAPL + 1.98% Apple bought the startup Emotient Inc., which uses AI to recognize people’s emotions in facial expressions. Slack Technologies Inc. AI had in mind with a safe Foursquare freshly plucked.

International Business Machine + 1.45% Corp.’sIBM Watson AI-Driven “butlers” as Cortana and Siri embedded in products, it is difficult to find a high-tech company paying the resources on a piece of land.

Microsoft pays about $ 250 million for eight years TouchType Ltd. and carries more than 150 employees, the Financial Times reported on Tuesday. SwiftKey refused to comment on the purchase price. Microsoft declined to comment beyond the blog.
TouchType, which does business as SwiftKey, has raised more than $ 20 million from companies like Accel Partners, Index Ventures and Octopus investment, the company said.

“SwiftKey technology aligns with our vision of more personal computing experiences that anticipate our needs in relation to respond to our orders,” Microsoft said in his blog. The agreement is consistent with the objectives of Microsoft productivity software in the cloud and AI, the company said. It plans to integrate SwiftKey technology in other products.
Microsoft recently began reporting earnings of an “intelligent cloud” which mixes its services Azure cloud computing with the Data Center software installed on computers segment. In its second quarter earnings report last week, Microsoft said that revenue in this segment increased 11%, excluding the impact of the appreciation of the US dollar. business productivity software sales is up to 5% on the same basis.

SwiftKey, a company based in London founded by friends Jon Reynolds and Ben Medlock, is one of several third-party keyboards available for download. Was available for devices running Google Inc.’s Android software, for years before coming to iOS of Apple Inc. in 2014. Users have saved about 10 billion strikes in 100 languages, SwiftKey has said in his blog Wednesday.

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