Machine learning companies are being snapped up in droves by tech giants cognizant that these startups represent a new wave of technology innovation.
This month alone, Intel announced plans to acquire deep learning startup Nervana Systems. Apple confirmed it would acquire Turi. Earlier this year, Twitter acquired Magic Pony Technology, Salesforce acquired PredictionIO, ESI Group acquired Mineset, and Apple acquired Emotient, among other deals.
PricewaterhouseCoopers said 29 machine learning companies have been acquired so far this year by companies large and small, and total deals in 2016 will likely exceed the 37 such buyouts made last year.
These deals represent a fraction of the action happening in machine learning today. Big companies like Google, Microsoft, Facebook, eBay, LinkedIn, and plenty of others, already have advanced internal projects underway.