Evan Niu, CFA (TMFNewCow)
Nov 14, 2018 at 8:12PM
Just six months after scooping up Semantic Machines for its work on conversational artificial intelligence (AI), Microsoft (NASDAQ:MSFT) is now buying another start-up for similar reasons. The software giant has announced that it is purchasing XOXCO, a small software product design and development studio based in Austin, Texas, that has similarly been working on conversational AI and chatbots.
XOXCO created the first commercial chatbot on Slack named Howdy, which could help schedule meetings. (Slack is also an investor in XOXCO.) The company also makes Botkit, a suite of developer tools that Microsoft says is used by "hundreds of thousands of developers" on GitHub, which Microsoft acquired earlier this year for $7.5 billion.
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Microsoft Continues String of Conversational Artificial Intelligence Acquisitions With XOXCO Buy