Recall Studios has agreed to acquire Evolution AI Corporation, an artificial intelligence technology company that develops realistic human animation technology to enable AI platforms to interact with consumers in a relatable human form.
The $200 million acquisition includes Evolution’s stake in Pulse Evolution Corporation, a developer of hyper-realistic digital humans for live shows, virtual reality, augmented reality, holographic, 3D stereoscopic, web, mobile, interactive and artificial intelligence applications, according to a company announcement.
“As we prepare for the first significant commercial introduction of our proprietary augmented reality apps, the purchase of Evolution AI and Pulse Evolution helps us complete the picture,” stated Recall CEO Alexander Baffer. “Our combined companies will stand uniquely among the industry’s first vertically integrated mixed reality companies, from IP-owner to content creator to applications provider.”
Pulse Evolution is known for producing digital humans, including the Academy Award lead character in The Curious Case of Benjamin Button, the digital alter-ego of Jeff Bridges in Tron: Legacy, the holographic performance of Virtual Tupac Shakur at the Coachella Valley Music Festival and Virtual Michael Jackson at the Billboard Music Awards.