Microsoft buys into Canada’s AI research with purchase of Maluuba

Employees at the Maluuba Inc. office in Waterloo, Ont., on Dec. 16, 2015. (James MacDonald/Bloomberg) Microsoft Corp. is buying into Canada’s artificial intelligence research community with a deal to purchase Maluuba, a deep-learning and AI– technology startup based in Waterloo, Ont., and Montreal.The company, founded in 2011 by two University of Waterloo grads, focuses on teaching machines to read like a human brain – a massive computer science challenge that has bedevilled researchers for decades. Early on, the company also developed language-recognition software for voice assistants in smartphones and cars. The company raised $9-million in venture funding in January, 2016, but neither company released details Friday about the sale price. A statement from a Microsoft spokesperson didn’t rule out possible layoffs among the 50 current employees. “Microsoft representatives met with…


Link to Full Article: Microsoft buys into Canada’s AI research with purchase of Maluuba