Elsevier to Acquire Parity Computing, an AI computing business.

Elsevier, a global information analytics business agreed to acquire Parity Computing, a California-based business that employs artificial intelligence to provide profiling and recommendations for specialist content. Transaction financial terms were not disclosed. "Parity's team brings deep academic and research experience in addition to technical expertise," said Dr. Ramamohan Paturi, Founder and Chairman of Parity. "By working more closely with Parity, we can deliver even better insights to help researchers, universities, governments and funding agencies make better decisions by enabling them to find emerging trends, increase the visibility of their research, build collaborative networks, bolster funding applications and articulate the value of research," said Olivier Dumon, Managing Director, Research Products at Elsevier.