Skip to main content

Alphabet's (GOOGL) - Get Alphabet Inc. Class A Report Google on Wednesday acquired India's Halli Labs, a startup focused on building deep learning and machine learning systems to address what it calls "old problems."

Halli Labs confirmed the acquisition in a blog post, saying that it was "thrilled" to be joining the teams at Google.

The Bengaluru, India-based startup was founded with the goal of bringing artificial intelligence and machine learning techniques to old problems and domains.

Its mission is "to help technology enable people to do whatever it is that they want to do, easier and better."

The company says it will be joining Google's Next Billion Users team "to help get more technology and information into more people's hands around the world."

What's Hot On TheStreet

Money is just being given away: Warren Buffett donated roughly $3.17 billion of Berkshire Hathaway Inc. (BRK.A) - Get Berkshire Hathaway Inc. Class A Report (BRK.B) - Get Berkshire Hathaway Inc. Class B Reportstock earlier this week to the Bill and Melinda Gates Foundation and four family charities.

It is the 86-year-old billionaire's largest contribution in his plan to give away his fortune. In 2010, Buffett, Microsoft Corp. (MSFT) - Get Microsoft Corporation Report co-founder Bill Gates and his wife created The Giving Pledge, a project that encourages billionaires to give more than half of their wealth to philanthropy. TheStreet takes a look at some of the wealthiest people who have pledged to give their money to charity when all is said and done.

Scroll to Continue

TheStreet Recommends

A return of a bothersome issue for Walmart: Beginning in 2013, reports began circulating that Walmart Stores Inc. (WMT) - Get Walmart Inc. Report was dealing with an out-of-stock issue at its stores nationwide.

At the time, Walmart attributed the problem to a reduction in employees as it worked to cut costs. Fast forward to 2017, and the issue appears to be resurfacing, reports TheStreet's Lindsay Rittenhouse.

Paypal should cut a big check: It could be time for PayPal (PYPL) - Get PayPal Holdings, Inc. Report to get cracking on a bid for fellow payments processor Square (SQ) - Get Block Inc Class A Report , TheStreet reports.

The purchase of Square would give PayPal increased acceptance with bricks and mortar retailers, Loop Capital analyst Joseph Vafi writes in a new note. All in, the deal would further PayPal's efforts to become a "true, two sided network," according to Vafi.

Vafi estimates PayPal would be able to pay a 30% premium for Square, valuing the company at more than $12 billion using current prices.

Tesla gets some more love: Shark Tank Star Kevin O'Leary said Tesla (TSLA) - Get Tesla Inc Report CEO Elon Musk is a modern day Michelangelo. "He is a genius - I can't say enough good things about what he does for all sectors that he gets involved in," O'Leary told TheStreet's Scott Gamm in an interview.

Although to be fair, O'Leary is more fond of Tesla's product than its stock.

"I'm an investor and at the end of the day, I look at each opportunity to put money in harms way - one stock at a time and that's not a stock I own," he said. O'Leary is also the Chairman of O'Shares ETF Investments.

Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.

Visit here for the latest business headlines.