The biggest AI and machine learning acquisitions
Microsoft's acquisition of XOXCO was its fifth AI-related buy of the year.
The company's business dealings are part of a wider trend. The artificial intelligence market is booming as the world's tech giants compete for the top AI talent and technologies.
IDC predicts that worldwide spending on cognitive and AI systems will reach $19.1 billion in 2018, an increase of 54.2 percent over the amount spent in 2017.
Companies around the world are cashing in on the boom. Here are the biggest recent acquisitions of AI and machine learning companies.
Read next: Most notable tech acquisitions of 2018
Additional reporting by Thomas Macaulay