SwiftKey’s British founders made millionaires after Microsoft buys app for £174m

A British app founded by two Cambridge graduates that predicts the next word you want to write using artificial intelligence has been bought by Microsoft in a deal worth around £174 million. SwiftKey was founded by Jon Reynolds and Dr Ben Medlock in 2008, and the two stand to receive multi-million pound windfalls from the deal. The app is used on around 300 million smartphones, replacing the default keyboard with one that can write words by swiping between letters and can learns users’ typing habits to predict their next word. Its prediction technology also helps power Stephen Hawking’s speech system to make it easier for the scientist to communicate. SwiftKey used to charge users for its app, but went free in 2014, moving to a freemium model that charged for additional features. Revenues fell that year to…


Link to Full Article: SwiftKey’s British founders made millionaires after Microsoft buys app for £174m