Microsoft announced that it had acquired London-based Swiftkey, an AI start-up that makes a predictive keyboard for smartphones, on Wednesday for $250 million, sources close to the deal told CNBC.
"We are looking for interesting tech. It is not new news that London is the most advanced start-up ecosystem in Europe," a Microsoft insider who wished to remain anonymous because they were not authorised to speak publicly about the deal, told CNBC on Thursday.
"There is a lot of talent in London which is a combination of the education and active verticals in fintech, adtech and all of those that require expertise in machine learning. It explains the interest for us."