InterDigital to buy London-based AI startup Deep Render

[Data particle above the city at night in cyber space]
Hiroshi Watanabe

* Mobile, video, and AI technology research and development company—InterDigita (IDCC [https://seekingalpha.com/symbol/IDCC]) acquired [https://seekingalpha.com/pr/20285668-interdigital-acquires-ai-startup-deep-render] Deep Render, an AI startup with a team of world-class AI experts focusing on video codecs.
* The acquisition adds significant depth to InterDigital’s (IDCC [https://seekingalpha.com/symbol/IDCC]) existing AI expertise, strengthens the company’s leadership in video compression, and accelerates InterDigital’s AI-native video research.
* The transaction also adds Deep Render’s patent portfolio in AI-based video coding to InterDigital’s video portfolio.
* As part of the deal, a team of AI experts will join InterDigital’s Video Lab.

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