Microsoft to acquire XOXCO for its conversational AI and bot development capabilities

Microsoft Acquires XOXCO

Microsoft Acquires XOXCO

Microsoft and XOXCO have teamed up together in the past, and the company also built Botkit, which provides developer tools to users on GitHub. But companies also need to be careful with automated conversations, as the survey also found that while 43% of global consumers have engaged with a chatbot when contacting an organization in the past year, only 38% said their query had been completely resolved.

XOXCO had begun as a consulting services and software product design firm before making a successful pivot into chatbots. It creates cutting-edge experiences through software.

The companies did not reveal the acquisition price, but the purchase fits with Microsoft's acquisition strategy this year, seemingly preferring to purchase instead of building their own tech.

It is being used in creation of virtual assistants, redesigning of customer interactions and using conversational assistants to help employees in communicating better.

Smith, Warner to make IPL return next year
Australian opening batsman D'Arcy Short is the big name among the worldwide players who have received the boot from the franchise. The Indian players retained by the Royals are Ajinkya Rahane , Krishnappa Gowtham, Sanju Samson, Shreyas Gopal, Aryaman Birla, S.

Microsoft is acquiring this development studio because of its conversational AI and bot development capabilities.

"We envision a world where natural language becomes the new user interface, enabling people to do more with what they say, type and input, understanding preferences and tasks and modelling experiences based on the way people think and remember". Financial terms of the deal were not disclosed, but it's another step further in the Redmond giant's growing effort to integrate conversational AI into how people communicate.

Lili Cheng - Corporate Vice President, Conversational AI, explained in a blog post, "We have shared goals to foster a community of startups and innovators, share best practices and continue to amplify our focus on conversational AI, as well as to develop tools for empowering people to create experiences that do more with speech and language". Conversational bots offer the natural interface for digital content and services and Microsoft's Bot Framework has been an integral platform for industry growth. The acquisition of Semantic Machines in May brought a revolutionary new approach to conversational AI. Then in September, the company acquired Lobe and recently in October it acquired GitHub in one of the most significant acquisitions of the year.

Recommended News

  • PM denies DUP deal in peril

    Rumours are circulating that Environment Secretary Michael Gove is considering whether or not to follow him out of Government. After a night of intensive one-on-one talks with her ministers and she then held a Cabinet meeting the following day.
    Deepika, Ranveer share first wedding pictures as husband and wife

    Deepika, Ranveer share first wedding pictures as husband and wife

    A haldi ceremony was also organised at Ranveer's residence before the two flew away for their destination wedding at Lake Como. Draped in gold and orange silk saree, Deepika looked an epitome of South Indian bride for the Konkani wedding.
    FDA to crack down on menthol cigarettes, flavored vapes

    FDA to crack down on menthol cigarettes, flavored vapes

    Smoking rates among teenagers have continued to decline as e-cigarette use has surged, and that may be more than a coincidence. The cigarette smoking rate is even lower among high school students - about 9 percent, according to the latest figures.
  • Kareena Kapoor Khan photos: Bebo looks super-hot in little black dress

    Kareena Kapoor Khan photos: Bebo looks super-hot in little black dress

    While Malaika looks stunning in a silver crop top and blingy trousers , Arjun looks dashing in a blue tee and black denim. While she did not directly deny the question, here's how she smartly sidestepped it, "I never answer personal questions".
    What Is Trumpy Bear? Meet The Toy With The Head-Scratching Commercial

    What Is Trumpy Bear? Meet The Toy With The Head-Scratching Commercial

    Obviously, this nature imagery provides the flawless lead-in for the Trumpy Bear, a stuffed animal that's made to look like the president.
    Honda Passport to debut at LA auto show

    Honda Passport to debut at LA auto show

    Passport was designed and developed in the U.S.by Honda R&D Americas and will be manufactured at Honda's Lincoln, Alabama plant. Honda is building a brand-new SUV with an old name to fit in between the CR-V and the Pilot .
  • Smash Bros. Ultimate/Pokemon: Let's Go to bump Switch sales

    Smash Bros. Ultimate/Pokemon: Let's Go to bump Switch sales

    Once you've acquired it, all you need to do is open your Pokemon Box and open up the summary window of a Pokemon in question. While you're waiting for the game to drop, it may be useful to find out what can and can't be transferred between the games.
    Intel debuts Neural Compute Stick 2 ahead of AI dev conference

    Intel debuts Neural Compute Stick 2 ahead of AI dev conference

    With a laptop and the Intel NCS 2, developers can have their AI and computer vision applications up and running in minutes. That's according to Intel's Naveen Rao, the corporate vice president and general manager of the AI Products Group.
    New Zealand win toss, opt to bat in first Test against Pakistan

    New Zealand win toss, opt to bat in first Test against Pakistan

    Ross Taylor has dished out some good performances and would be expected to continue that in the longest format as well. Kane Williamson, Jeet Raval and Neil Wagner are considerable options from New Zealand for multipliers.
  • Croatia 3-2 Spain: Lucho's Nations League fate not in his hands

    Croatia 3-2 Spain: Lucho's Nations League fate not in his hands

    Croatia gained a dramatic late victor to beat Spain in the Nations League - a result which keeps alive England's hopes of winning the tournament.

    Genesys creates 200 new tech jobs in Ireland

    The investment was described as central to the effort to determining how AI can be used by different businesses. The IT company will create the jobs after acquiring Galway company Altocloud which was based at the PorterShed.
    Lion Air victim's family files suit against Boeing

    Lion Air victim's family files suit against Boeing

    Zwingli added that Boeing's safety bulletin did not suggest additional training for pilots operating that aircraft. Lion Air Flight 610 crashed shortly after taking off from the Indonesian capital of Jakarta on October 29.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.