Microsoft Acquires Conversational AI, Bot Development Firm XoxcoTexas-based Xoxco was paving the way in conversational AI because 2013 and has been responsible for its production of Howdy, the first commercially available bot for Slack which helps schedule meetings.

“Additionally, it developed Botkit that offers the development tools used by thousands and thousands of programmers on GitHub. Through the Years, We’ve partnered with Xoxco and also have been motivated by this work,” stated Lili Cheng, Corporate Vice President, Conversational AI in Microsoft on Thursday.

Conversational AI is rapidly turning into a means in which companies engage with workers and clients — by creating digital assistants and simplifying customer connections to utilizing conversational assistants to assist workers communicate and work together.

According to Gartner,”by 2020, conversational artificial brains will probably be a verified user experience for over 50 percent of big, consumer-centric ventures”.

“With this acquisition, we’re continuing to realise our strategy of democratising AI growth, dialogue and conversation, and incorporating conversational experiences where folks communicate,” said Cheng.

Within the previous six months, Microsoft has made several strategic acquisitions to quicken the speed of AI growth.

The purchase of Semantic Machines in May attracted a revolutionary new strategy to conversational AI.

Back in July, it obtained Bonsai to help lessen the obstacles to AI growth by blending machine instruction, reinforcement learning and simulation.

Back in September, Microsoft obtained Lobe, a business which has made a straightforward visual interface enabling everyone to come up with and employ profound learning and AI versions immediately, without writing code.

“The purchase of GitHub in October shows our belief in the ability of communities to help fuel the next wave of bot growth,” Microsoft explained.


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