business

Tech Giant NexaCorp Acquires AI Startup InnovoLabs for $1.2 Billion

Summary

NexaCorp announced today it has acquired AI startup InnovoLabs in a $1.2 billion deal aimed at expanding its artificial intelligence and machine learning capabilities. The acquisit

NexaCorp announced today it has acquired AI startup InnovoLabs in a $1.2 billion deal aimed at expanding its artificial intelligence and machine learning capabilities. The acquisition, finalized in San Francisco, will integrate InnovoLabs’ proprietary algorithms into NexaCorp’s cloud services platform. NexaCorp CEO stated this move positions the company at the forefront of AI innovation in enterprise solutions. Bloomberg reports the deal is one of the largest in the AI sector this year, signaling increased consolidation in the tech industry.
Feb 16
Tech Giant NexaCorp Acquires AI Startup InnovoLabs for $1.2 Billion

Ayurveda Health Tips

Ancient Wisdom for Modern Life

View All

Trending News

Stay informed with the latest updates across categories

Tech

6 articles

Quick Updates

Never Miss a Story

Get the latest news and updates delivered to your feed

Explore All News