Metropolis Acquires Oosto for $125M Amid AI Industry Turmoil
In a significant move within the AI sector, Metropolis, an AI-driven parking platform, is set to acquire Oosto, the controversial computer vision company previously known as AnyVision, for $125 million. This acquisition reflects Oosto's struggles, having raised $380 million in the past but now facing challenges with under $10 million in annual revenue. The deal, involving shares, follows a period of layoffs and a rebranding effort by Oosto. Experts suggest the timing of the acquisition aligns with shifting geopolitical dynamics and the evolving landscape of AI technology.
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