Halli Labs, where Halli (pronounced Hull – Lee) means ‘village’ in Kannada, the language of the southern state of Karnataka in India, is the latest AI startup acquired by Google. Based in Bangalore, the four-month-old startup’s focus is building deep learning and machine learning systems to address what it describes as ‘old problems’ and domains. Halli Labs has been working on natural language processing which can help Google efficiently process real-world language.
Google confirmed the acquisition with a statement to TechCrunch:
“We are excited that the Halli Labs team is joining Google,” said spokesperson Taj Meadows. “They’ll be joining our team that is focused on building products that are designed for the next billion users coming online, particularly in India.”
Market intelligence research firm IDC reports that the AI market currently stands at $8 billion. The research forecasts the rise of the AI market to $47 billion in 2020.
