Clarivate Buys Alethea, Creates Academia And Government Innovation Incubator
Portfolio Pulse from Lekha Gupta
Clarivate PLC (CLVT) has announced plans to create an Academia and Government Innovation Incubator to drive innovation and boost AI expansion. The company has acquired Alethea, an AI-powered students content engagement platform created by Pangea. This month, CLVT also launched Forecast, an AI-driven solution designed to optimize intellectual property portfolios and strategy.
September 26, 2023 | 10:55 am
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Clarivate's acquisition of Alethea and the launch of Forecast could potentially boost its AI capabilities and drive innovation. However, the market reaction was slightly negative with shares closing lower by 0.55%.
The acquisition of Alethea and the launch of Forecast are strategic moves by Clarivate to enhance its AI capabilities and drive innovation. These developments could potentially lead to long-term growth for the company. However, the immediate market reaction was slightly negative, with shares closing lower by 0.55%. This suggests that investors may need more time to assess the potential impact of these developments.
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