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Google acquires Velostrata; CEO Sundar Pichai outlines AI accomplishments at annual I/O conference

Google's takeover of Velostrata will help its Google Cloud customers migrate large databases to and from the cloud

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The terms and the price of the Velostrata deal have not been disclosed

Google (NASDAQ: GOOGL) is broadening its reach in the cloud space with the acquisition of an Israel-based startup called Velostrata for an undisclosed amount of money.

Velostrata, which is based in Tel Aviv, helps companies shift their work from on-premise computer clusters to the cloud and permits them to “adopt the cloud at their own pace.”

Post the acquisition, with Velostrata’s toolkit, Google Cloud customers will be able to migrate large databases and large batch processing to and from the cloud. People also can control and automate whether their data lives in the cloud or in data centers at all times.

The deal is subject to closing conditions though the deal’s terms have not been revealed.

This week, Google executives are knee-deep in their yearly three-day I/O developer conference. As part of the festivities, the company's chief executive Sundar Pichai is showcasing a lengthy list of Google's innovations in artificial intelligence.

Here are a few AI advances which Pichai is excited about:

  • On the healthcare front, Google developers are demonstrating that by using artificial intelligence, they can predict a patient’s risk of a heart attack or a stroke with a surprisingly high degree of accuracy. Its AI models are also able to predict medical events like hospital readmissions and lengths of stay by analyzing health records. “These are powerful tools in a doctor’s hands and could have a profound impact on health outcomes for patients,” wrote Pichai in a note to investors.
  • Google’s AI developers are also looking to spare your time as soon you’ll be able to have a natural tit-for-tat conversation with Google Assistant, the AI device, without repeating Hey Google, with each request.
  • Someday, your Google Assistant might also be able to assist with tasks that still require a phone call, like booking a haircut or verifying a store’s holiday hours. This new technology is called Google Duplex.
  • Google Maps, meanwhile, have also been remodeled by Google’s developers and can now tell you if the business you’re looking for is open and whether parking is tough to find before you arrive.
  • Google Lens already allows you to point your camera and get answers about everything from that building in front of you ... to the concert poster you passed
  • Separately, at the conference, Google also introduced its third-generation deep learning/artificial intelligence processor chip called the Cloud Tensor Processor unit. The semiconductor group Broadcom co-designed the processor and is reportedly already working with Google on its fourth-generation TPU4 processor chip using 7nm manufacturing technology, according to a note from Harlan Sur, a JP Morgan analyst, which was first obtained by The Fly, a business news site.

Shares in Google's parent Alphabet closed up 2.87% Wednesday at US$1,088.95.

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