Economy · India
EXL to acquire AI data firm iMerit for $310 million
EXLService Holdings has announced its intention to acquire iMerit, a company specializing in AI data services, for $310 million. This acquisition is driven by the growing enterprise demand for AI projects moving from experimentation to large-scale deployment. The deal highlights the increasing need for high-quality data, model training, and evaluation services in the AI sector.
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- Centre (2): Business Standard, Mint