Hey Sonos, Acquire Voice Assistant Start Up

Hey Sonos, Acquire Voice Assistant Start Up

This localized processing maximizes accuracy, efficiency and privacy while minimizing footprint and cloud dependency. Spence appeared fast to level out that Sonos wouldn't search for competing with its assistant voice companions, nevertheless, since something they construct might be focused rather more particularly on music. They've launched further controls to assist customers to navigate their own information sharing, however Sonos CEO Patrick Spence famous in an interview with Selection that one of many issues the corporate can do in constructing its personal voice options is growing them "with privacy in mind". Snips' speedy, private on-device voice processing is created to sit alongside general assistants, suggesting that Sonos may reserve the custom voice control for basic functions like playback. "We're excited to welcome an incredible Snips team to the Sonos family to help bring this vision to life". Amazon, Google and Apple as well have come all admitted in recent months that they've allowed human workers to actually listen to recordings made when people ask the company's voice assistants for requests. "I am thrilled that, joining an global company, Snips will continue its operations in France, helping French technologies succeed at an worldwide level". Back in 2017 wrote about how its voice assistant, which the company called the Snips Voice Platform, could be downloaded directly to a device, even then making the point clear that the AI would be stored on a device, including the data generated, and never on a cloud.

Under the terms of the agreement, Sonos acquired Snips for approximately $37.5 million, subject to purchase price adjustments and holdbacks. The transaction closed on November 14, 2019.

Sonos (NASDAQ:SONO) released its quarterly earnings results on Wednesday. Known for delivering an unparalleled sound experience, thoughtful home design aesthetic, simplicity of use and an open platform, Sonos makes the breadth of audio content available to anyone.

Sonos took its first step outside of the home with the launch of its portable Move speaker in September. Sonos is headquartered in Santa Barbara, California.

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