Tech giant Microsoft Corp. has announced the acquisition of Texas-based conversational AI firm XOXCO to strengthen the company’s work in the AI industry. XOXCO have been in business Since 2013 and achieved renown for creating Howdy, the first commercially available bot for Slack.
Microsoft believes that bots will become a key way that businesses engage with employees and clients. The company has initiated many projects with the aim of unlocking their potential, to various successes. The company has splendid ideas about inter-communicating bots which could be groundbreaking. The Microsoft Bot Framework already supports more than 360,000 developers. With the acquisition of XOXCO, the company expects to further democratize AI development, communication and dialog, and the integration of conversational experiences where people communicate.
In a post, Corporate Vice President of Conversational AI at Microsoft, Lili Cheng noted that their goal is to make AI accessible and valuable to every individual and group, augmenting human ingenuity with intelligent technology. In addition, Cheng said that to do this, Microsoft is infusing intelligence across all its products and services to elongate individuals’ and organizations’ capabilities and make them more prolific, providing a powerful platform of AI services and tools that makes innovation by developers and partners faster and more accessible and helping transform business by empowering inventions to current approaches and entirely new scenarios that leverage the power of intelligent technology.
This year, Microsoft has made several related acquisitions, which illustrates how AI and bots are important to the company. In May, Microsoft acquired Semantic Machines, another company working on conversational AI. While in June, the company held Bonsai, a firm consolidating machine teaching, reinforcement learning, and simulation. And recently, in September, Lobe, a company aiming to make AI and deep learning development easier, came under Microsoft’s wing.