Microsoft steps up AI push with Swiftkey deal

©Getty Satya Nadella, CEO of Microsoft More On this topic IN Technology Microsoft is paying about $250m to acquire London-based Swiftkey, maker of a predictive keyboard powered by artificial intelligence that is installed on hundreds of millions of smartphones, according to people familiar with the deal. Jon Reynolds and Ben Medlock, who founded the company in 2008 when both were in their 20s, will each make upwards of $30m from the buyout, which is set to be announced this week. The pair together own a substantial minority stake in the company after raising a relatively small amount of venture capital, just over $20m, from backers including Accel Partners, Index Ventures and Octopus Investments. Swiftkey is the latest in a string of UK start-ups with advanced artificial-intelligence capabilities to be snapped…


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