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Jio Acquiring Conversational AI Platform Haptik for Rs. 200 Crores: Report

Reliance Jio is allegedly acquiring Haptik - among the world's biggest conversational Artificial Intelligence (AI) platforms - to get more than 200 crore.

A report from Inc42.com overdue Thursday claimed the trade is anticipated to be finished this week.

When contacted, Haptik failed to provide an official answer on the accounts.

Jio was to comment on the evolution.

Haptik has been the first organization to open source a conversation-based Entity Detection engine, and is patent pending on our distinctive bot to representative routing capabilities.

Back in April 2016, Times Internet directed a Series B round of investment in Haptik, which makes it among the very well-funded independent conversational AI businesses on earth.

Sensing the immense possibility beforehand, almost 200 AI start-ups in India are now innovating and producing AI-based solutions for a variety of businesses.

Chatbots are gradually becoming the default client service solution for the majority of providers and Mumbai-based Haptik is just one such AI-based platform - based construction software for customers, publishers and partnerships.

Greater than 50% of Indian retail business will be working on AI from 2020, stated PeopleStrong, a Software-as-a-Service (SaaS) HR technology and solutions firm.

Based on an Accenture evaluation, AI has the capacity to put in $957 billion into India's market in 2035.

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