Thursday , October 1 2020

[인공지능이 미래다] Employing innovative technologies and talents


Global Information Technology (IT) companies, represented by the words "FAMGA (Facebook,, Microsoft, Google, Apple), have been actively acquiring AI startups in the last decade. According to CB Insight, the number of M&A by global IT companies has tripled more than 25 times in 2013 to 166 in 2018. The number of acquisitions in January-August 2019 has already exceeded 140, and at this rate it is likely to exceed the figure for 2018. It is no exaggeration to say that it is a war of arguments.

Why do they live and die? Instead of acquiring technology through in-house R&D, acquiring startups that already have the technology and manpower can free up resources in a rapidly changing marketplace and shorten the time to commercialization. In

In fact, most of the great products and services of global IT companies are developed through M & A's. IPhone's face authentication system, Face ID, voice recognition features, Siri and Google Alphago have all come with AI startup acquisition. Apple acquired Polarosis face recognition technology company in 2010 and "real face" in 2017. In addition, Siri has acquired several startups, including Novauris Technology and Vocal IQ, to increase the rate of Syrian voice recognition. Google's Alfago was also made possible by the acquisition of its parent AI alphabet company, Deep Mind.

Another reason that global IT companies are aggressively acquiring is that M&A is the easiest way to attract talent. The acquisition of Google's "Deep Mind" was aimed at acquiring technology for AI, but also to naturally acquire key talent, such as founder Demi Fersabis. Uber, a global ride-sharing company, has also acquired a startup called Geometrical Intelligence, founded by Gary Marcus New York University to provide talent for developing autonomous driving technology.

At acquisition, the launch was less than two years old, and although no credible products or services have yet materialized, Uber has taken a courageous stand on Professor Marcus' own research abilities. "It is now really difficult to find good researchers in the AI ​​industry," says Marie Bell Lopez, AI analyst. "Big companies can effectively redesign good data science researchers by acquiring more startups."

Aggressive startup M&A can be a good opportunity for startups with good ideas, but with no environmental foundation such as capital. "There are so many startups that have a really good idea, but it's hard to incorporate them into a product," Lopez said. Can "
Silicon Valley = Wonju Paik

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