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Google has acquired Alter, an artificial intelligence (AI) avatar startup company.
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TechCrunch has reported that the tech giant has acquired the company for about $100 million (approximately Rs 8,22,87,70,000).
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For those uninitiated, Alter helps creators and businesses create AI-based virtual avatars to express their virtual identities.
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According to the report, the acquisition comes as a part of boosting the content game and to compete with short-video platform -- TikTok.
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While the acquisition was completed almost two months back. However, none of the companies made an official announcement publicly.
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The report also mentions that some Alter employees have updated their Linkedin profiles that they’ve joined Google, without any official announcement.
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The same was also confirmed by a Google spokesperson. However, he denied providing any comment on the financial terms of the deal.
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As far as Alter as a company is concerned, it’s a US and Czech-headquartered- based company that started with Facemoji
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It allowed developers to integrate avatar systems into their app or game which was later rebranded as Alter.
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Meanwhile, Google has recently rolled out new custom emojis for its Chat to offer personalised experience to users.