Search engine giant Google has 'acqui-hired' Bengaluru-based artificial intelligence (AI) firm Halli Labs. The acquisition, which is Google's first in India, will help the US-based giant in building solutions for adding new users to the Internet, especially from developing countries.
Acqui-hiring refers to acquiring a company to recruit its employees, without any interest in its current products and services or their continued operation.
"We will be joining Google’s Next Billion Users team to help get more technology and information into more people’s hands around the world. We couldn’t be more excited!" Halli Labs said in a blogpost.
It also spoke on how the company was founded with the goal of applying modern AI and machine learning techniques to old problems and domains.
"Well, what better place than Google to help us achieve this goal," it added.
Google has been aggressively expanding its capabilities, especially through acquisitions.
Some of its investments include deep learning and neural network startup DNNresearch, UK-based DeepMind Technologies, visual search startup Moodstocks, and bot platform Api.ai.
(With inputs from PTI)