Related: Microsoft acquires Semantic Machines to boost AI capabilities
Microsoft plans to integrate Bonsai’s autonomous platform into Azure IoT, helping the Redmond-based firm to fill the gap in its AI offering. Now, the company can provide end-to-end offerings to its customers for autonomous deployment. It also gives the Azure provider enough ammunition to compete with its peers by providing the whole gamut of offerings ranging from basic to advanced AI solutions.
Gartner, in its recent research report in April, stated that AI-related businesses would be worth $3.9 trillion by 2022, a whopping 200% jump from $1.2 trillion expected in 2018. It also added AI will bring in disruptive changes across the board over the next decade as the companies globally look for ways to improve profitability while reducing costs to stay afloat amidst tough competitive landscape. Microsoft earlier has acquired AI-related companies like SwiftKey, Genee, Maluuba, and Semantic Machines to beef up its AI offering.