Most recently, Apple purchased Xnor.ai on Jan. 15 for a reported $200 million. The latter spun out from Microsoft co-founder Paul Allen’s Allen Institute for Artificial Intelligence and creates high-powered AI algorithms that require only minimal local power.
Earlier this week, Google purchased both Pointy, a retail tech startup, for a reported $164 million and AppSheet, a no-code development platform for cloud applications, for an undisclosed amount.
In all, according to Pitchbook, Apple, Alphabet, Amazon and Facebook have collectively made more than one dozen acquisitions since October, despite growing concerns over their alleged anti-competitive behavior.
Read more here.
More articles on health IT:
VA creates scorecard to assess digital transformation efforts
Forget Dr. Google — Gen Z is getting medical debt advice from TikTok
IT spending to hit $3.9T in 2020: 4 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.