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August 6, 2016 02:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/oVWMzvu96qg/apple-acquires-machine-learning-and-ai-startup-turi
Apple Acquires Machine Learning and AI Startup Turi
An anonymous reader quotes a report from GeekWire: Machine learning and artificial intelligence startup Turi has been acquired by Apple in a deal characterized as a blockbuster exit for the Seattle-based company, formerly known as Dato and GraphLab, GeekWire has learned. The acquisition reflects a larger push by Apple into artificial intelligence and machine learning. It also promises to further increase the Cupertino, Calif.-based company's presence in the Seattle region, where Apple has been building an engineering outpost for the past two years. Multiple sources with knowledge of the deal confirmed that Turi has been acquired. Sources close to the deal pegged the purchase price at around $200 million, marking a huge outcome for the original investors and early shareholders. Apple's plans for Turi's technology are not clear, but the company has been making a broad push into artificial intelligence through an expansion of its Siri personal assistant and related technologies. Turi lets developers build apps with machine learning and artificial intelligence capabilities that automatically scale and tune. Its products -- which include the Turi Machine Learning Platform, GraphLab Create, Turi Distributed, and Turi Predictive Services -- are largely designed to help large and small organizations make better sense of data. Use cases include recommendation engines, fraud detection, predicting customer churn, sentiment analysis, and customer segmentation.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/oVWMzvu96qg/apple-acquires-machine-learning-and-ai-startup-turi
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