Paytm Acquires Personal Assistant App Shifu To Improve Its Artificial Intelligence Tech

Paytm, the Indian mobile commerce company backed by Alibaba, announced today that it has acquired Shifu, a personal assistant app for smartphones. The value of the deal was not disclosed, but Paytm senior vice president Kiran Vasireddy confirmed that it is close to the $8 million reported by new outlets like the Times of India.Shifu will shut down so its 20-member team—including founders Prashant Singh, Deepansh Jain, and Michael Massey—can join different departments at Paytm and work on integrating the app’s technology into products like Paytm’s mobile wallet and online marketplace. Launched in 2013, Shifu billed itself as “your smartphone sidekick” and analyzed how people used their devices so it could make personalized to-do list suggestions and reminders. For example, if you told Shifu you had a certain amount of…


Link to Full Article: Paytm Acquires Personal Assistant App Shifu To Improve Its Artificial Intelligence Tech