Microsoft Acquires Maluuba for AI-Enabled ‘Literate Machines’

Microsoft today announced it had acquired Maluuba, a Canadian artificial intelligence (AI) and natural language processing technology firm. Financial terms were not disclosed.

Citing the company’s progress in speech and image recognition, Microsoft is now setting its sights on “literate machines,” according to Harry Shum, executive vice president of Microsoft’s Artificial Intelligence and Research Group.