From Apple To Microsoft: The Top 10 Acquirers Of AI, ML Firms
Ten tech companies have acquired a total of more than 100 artificial intelligence and machine learning companies since 2017. Here’s the 10 companies that have purchase the most AI and ML companies, according to a new PitchBook report.
No. 9: IBM
Number Of AI & ML Acquisitions Since 2017: 8
Since Arvind Krishna became CEO in April 2020, IBM has acquired more than 30 companies, focused on bolstering its hybrid cloud and AI capabilities. Some of IBM’s key AI and ML acquisitions over the past few years include data observability software provider Databand.ai; AI observability and application provider Instana; and Turbonomic’s in a move to build out IBM’s AI for IT operations [AIOps] tools.
Most Recent AI & ML Acquisition: Although not officially completed, IBM unveiled its plan in June to spend $4.6 billion to acquire software company Apptio with plans to combine Apptio’s FinOps [financial and operational IT management and organization] software with its Watsonx AI Platform.