King Interactive Entertainment acquires Peltarion an artificial intelligence company

King, a number one interactive leisure company for the cell gaming business acquires Peltarion, a premier artificial intelligence software program enterprise. Peltarion is a Swedish artificial intelligence (AI) software program agency that has developed a no-code machine studying operations platform that enables clients to create, prepare, and function deep studying fashions at scale and pace on the Cloud.

King goals to change into a pioneer of recreation AI with Peltarion

The acquisition of Peltarion by King will pace up the company’s current use of AI and machine studying applied sciences in its recreation platform, which is a serious space of steady strategic growth. With this funding, King hopes to proceed constructing top-tier AI and machine studying abilities and groups.

They hope to allow a brand new era of modern recreation design, growth, and reside operations capabilities, in addition to changing into a worldwide hub for recreation AI experience.

We consider the gifted Peltarion group, along with the highly effective expertise they’ve constructed, will assist us serve our gamers much more successfully with extra partaking video games and content material. This is one more step in the direction of our mission of creating the world playful

Tjodolf Sommestad, President of King

Peltarion, located in Stockholm, was based in 2004 by Luka Crnkovic-Friis and Men’s Essén and is one in every of Sweden’s most well-known AI pioneers. Crnkovic-Friis and Essén will tackle management tasks at King, concentrating on bettering the company’s AI and machine studying capabilities whereas additionally contributing to Sweden’s AI group and lengthy historical past of innovation.

Peltarion’s mission is to make AI extra accessible and cheap to extra individuals, and making a platform the place individuals can work with AI with no need knowledge scientist experience is one step in that path.

What are your ideas as King acquires Peltarion, a premier artificial intelligence software program agency? Let us know within the feedback beneath!

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