On Wednesday, Microsoft confirmed reports that it has acquired London-based AI firm SwiftKey.
"I'm pleased to announce that Microsoft has entered into a definitive agreement to acquire SwiftKey, whose highly rated, highly engaging SwiftKey software keyboard and SDK powers more than 300 million Android and iOS devices," said Harry Shum, Executive Vice President of Technology and Research at Microsoft in a blog post. Microsoft does not plan on killing SwiftKey's popular Android and iOS keyboard apps with the acquisition, news SwiftKey fans will be relieved to hear. Instead, SwiftKey's team, along with Microsoft, will continue to develop the apps "as well as explore scenarios for the integration of the core technology across the breadth of our product and services portfolio." Microsoft already has some plans for SwiftKey's technology. "SwiftKey's predictive technology aligns with Microsoft's investments and ambition to develop intelligent systems that can work more on the user's behalf and under their control," said Shum. "In the coming months, we'll have more to share about how we'll integrate SwiftKey technology with our Guinness World Record Word Flow technology for Windows."
SwiftKey co-founders Jon Reynolds and Ben Medlock also announced the acquisition in their own blog post on Wednesday. "Microsoft's mission is to empower every person and every organization on the planet to achieve more. Our mission is to enhance interaction between people and technology. We think these are a perfect match," said the duo, "and we believe joining Microsoft is the right next stage in our journey." Neither company revealed financial terms of the deal, but earlier reports suggest the deal is worth $250 million.
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