News Summary

• Video generation and editing platform D-ID said Tuesday that it has acquired Berlin-based B2B video creation platform Simpleshow.
• The companies didn’t disclose financial terms of the deal.
• Both companies are seeing a strong future of digital avatars for different kinds of videos, including training, marketing, and sales.D-ID already has a suite of AI-powered interactive avatars that it offers to its clients.Simpleshow is also bringing more than 1,500 enterprise clients, including Adobe, Audio, Airbus, Microsoft, Bayer, HP, T-Mobile, McDonald’s, eBay, and Deutsche Bank.