Infineon Technologies, a German chipmaker, has furthered strengthened itself in the fast-growing artificial intelligence and machine learning markets by acquiring the Swedish startup Imagimob AB. Both parties decided not to talk about the financial details of the deal.
Thomas Rosteck, President of Infineon’s Connected Secure Systems Division, commented on the deal by saying that artificial intelligence and machine learning are gradually entering into embedded applications, thereby allowing for new functionalities. He went on to add that acquisition of Imagimob’s platform and its related expertise in edge device development, can give Infineon the power to bring greater energy efficiency and control, leaving the privacy rights intact.
Imagimob is a highly respected, AI-startup based out of Stockholm, Sweden. It has developed cutting-edge machine learning algorithms for its products, and is widely regarded as being one of the forerunners in the development of embedded Artificial Intelligence technology. Its expertise in this field and products have enabled a wide range of companies to utilize their next-generation Smart Things technology and IoT platform to produce astounding results.
Mauro Orru, a journalist for the Wall Street Journal, wrote the report pertaining to the Infineon acquisition of Imagimob. Orru has extensive experience writing on a range of topics including financial news, technology, and even politics. He is known to be a personable and thorough journalist, consistently producing quality articles and news coverage.
