Global company serving the gaming industry looks to purchase AI startups

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Posted on: April 15, 2020 10:17 pm EDT

Twitter-backed ShareChat is looking to bring AI services to its product offerings

With how good artificial intelligence (AI) and the gambling industry fit together, it seems like a smart move for a company servicing this industry to acquire AI startups. ShareChat, a Twitter-backed social media platform is looking into purchasing startups that are dedicated to developing AI technologies, including machine learning (ML), online gaming, live streaming, among others. The goal is to give the platform a boost.

ShareChat has a solid base of more than 60 million users, according to Manohar Charan, the company’s Vice President, Corporate Development and Strategic Finance. He stated the intention is to continue adding more products and features to the service provided, things like live streaming, or online gaming and overall, more engaging and relevant content. “Other areas of interest are machine learning, artificial intelligence, natural language processing and Computer Vision. The idea is to scout for companies that will quickly add capabilities that will help in getting better user attention, faster go to market, lift user engagement and serve content the right way through feed optimization and flagging inappropriate comment,” said Charan.

ShareChat is not wasting any time, and it says to be already in conversations with a few startups, with good possibilities of closing deals in the near future. Charan is one of the company’s recent appointments. He will be leading the investor relations, mergers and acquisitions, as well as design finance strategies and take care of legal functions. He has experience in the field, working in the past at Zomat, Uber, Royal Bank of Scotland and Prop Tiger.