First Round Capital is the company that supports setting up new businesses for those looking for a start-up. Recently, the company conducted an independent survey so as to reflect the state of start-ups in 2016. The most interesting question of the survey was to the start-ups, where it asked which company they would want to acquire their new business. Alphabet Inc (NASDAQ:GOOGL) emerged as a clear choice in this regard.
In its highlights, the First Round Capital says, “From A to Z, Alphabet emerges as the acquirer of choice.” About 11% respondents voted in favour of Alphabet, followed by Facebook (5%), Amazon (4%) and SalesForce (4%). The survey highlights, “Out of 150 companies named, Alphabet rose to the top as the most sought-after acquirer.” So, what does that mean?
Google eyes interesting business to expand its AI arena
Fortune recently had an interview with Don Harrison, the head of corporate development at Google. So, he was asked about the priorities for Google when it comes to mergers and acquisitions. Don Harrison says that 2016 was a year of deals for the company. Google signed as many as 20 such deals in the previous year. In 2017, he says that this year would be a “lot like this [past] year.”
When asked about the kinds of acquisitions or mergers, or deals at large, he said that Google would focus on everything under the blanket. From artificial intelligence (AI) to cloud, AR, VR to Google Assistant- everything shall remain in focus.
AI first for Sundar Pichai
Don Harrison points out that the Google CEO, Sundar Pichai has largely focussed on expanding the arena of artificial intelligence. So, 2017 would majorly focus on AI and it will be the priority before anything else. The next set to follow AI is cloud, which Don Harrison says is a “massive focus for us.” As far as AR and VR are concerned, Google eyes them as the “investment areas.”
So, with all being said, can we take it that Artificial Intelligence will rule the game for not just Google, but almost all major tech companies this year? Perhaps, the answer is, yes!
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