Google Bought Alter AI Avatar Start-up For $100 Million to Compete With TikTok
The artificial intelligence avatar start-up known as Alter, which was backed by Twitter and enabled creators and marketers to express their virtual identities, has been acquired by the search engine giant Google. According to a report that was published by TechCrunch, Google bought Alter in a deal made roughly two months ago for close to one hundred million dollars in order to improve their content game and compete more effectively with TikTok says Barry Humfrey’s Geraldton.
Google Bought Alter An AI Avatar Start-up
On each of their various LinkedIn sites, it was found that Alter’s top executives had a working relationship with Google. In September, Jonathan Slimak, a former Chief Operating Officer at Alter, made the announcement on LinkedIn that he was starting a new role at Google. However, he did not publicly recognize the acquisition at the time he made the announcement. The acquisition has been confirmed by a Google spokesman, however, they have declined to comment on the details of the financial transaction.
By the Year 2022, Google Has Acquired Eight Separate Businesses
The cybersecurity brands Siemplify and Mandinant, the augmented reality company Raxium, the robotics software Vicarious, the MobiledgeX mobile edge computing brand, the BreezoMeter air quality monitoring entity, and the BrightBytes Data analytics entity were some of the companies that were acquired in this round of deals.
When it was first released, Alter was known by its previous name, Facemoji, and it provided game and app developers with the option to integrate avatar systems into their products. It has been asserted that Google Chat now enables user-created emojis, which is something that was only very recently put into action. Now seven months into 2018, Alphabet has successfully closed on its sixth large acquisition says Barry Humfrey’s Geraldton.
What exactly is the AI Avatar Startup Alter? What Kind of Advantages Does It Have for Google?
Alter is a platform that utilizes the capabilities of artificial intelligence to assist social media brands and individuals in expressing their virtual identities. Google has just acquired Alter. Google is responsible for the creation of Alter. It has been recently claimed by a number of different news publications that Google has acquired the artificial intelligence avatar startup known as Alter. On the other hand, in relation to this issue, they have not yet provided any kind of formal response.
Recent Updates Based On Few Reports
Recent reports suggest that a few of Alter’s top executives have recently updated their LinkedIn profiles to include a mention of the company’s connection with Google. On the other hand, they have not given any hints about the acquisition in any way, shape, or form. According to a number of reports in the media, a representative for Google has acknowledged the company’s acquisition of Alter but has declined to divulge any other details regarding the financial and business particulars of the transaction says Barry and Mary Humfrey.
A platform that currently goes by the name Alter was formerly known as Facemoji. It makes use of artificial intelligence to provide assistance to app developers in the implementation of plug-and-play technologies with the aim of incorporating avatar systems into the applications that they create. Both the United States of America and the Czech Republic serve as the primary locations for operations of the business enterprise known as Alter, which was founded by Jon Slimak and Robin Raszka. It has been reported that a variety of investors, including Twitter, Play Ventures, and Roosh Ventures, have invested approximately three million dollars USD in the company.
There have been rumblings that Google purchased Alter in order to strengthen its content offering and improve its ability to compete with TikTok. On the other hand, neither Google nor Alter has checked the accuracy of this material. Let us wait for fresh reports in order to collect information that is more particular to the situation at hand.
October 31, 2022